iBankCoin
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Joined Oct 26, 2011
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Rumor: Oprah Wants a Piece of Avon

Shares of cosmetic catalog distributor Avon spiked on rumors Oprah is considering taking a stake in the company.

The rumor comes not long after her recently announced 5% purchase of Weight Watchers.  She has done well for herself already in WTW; the stock is up over 250% since she joined.

This is a good rumor because Avon is in the Oprah wheelhouse.

AVP has traded like dog meat so far this year, down around 50%.  If anyone can turn this year around in a jiffy, it’s the O.

 

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3 comments

  1. UncleBuccs

    To Oprah from Unc. https://youtu.be/3SazTdJxwLI

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  2. matt_bear

    so because Oprah buys a 5% stake in a company, it creates a 250% gain of shareholder value?

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  3. marinir seo

    Pretty! This has been an extremely wonderful article. Thanks for supplying this information.|

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    • 0 Deem this to be "Fake News"