How low can it go? Beleagured Avon Products Inc, still can't find the bottom. Today, the company reported a 40% decline in quarterly profits ($91 million) on a 13% decline in revenue ($2.19 billion). Avon blamed increased competition in key markets such as Latin America and the US. “As anticipated, our second-quarter results were tough.  While Avon's turnaround remains challenging, we are putting the people and processes in place to lay the foundation for returning Avon to sust...