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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To Oprah from Unc. https://youtu.be/3SazTdJxwLI
so because Oprah buys a 5% stake in a company, it creates a 250% gain of shareholder value?
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