By Dan Mitchell, MLM Blog Correspondent
From Blogging Stocks:
I guess Wall Street over did it a little bit, on the downside, with Tupperware earlier this year, driving shares down to about $11 in March. I caught the TUP train at $23.48 on April 28, 2009.
TUP is now at $38.10, good for a smooth 60% gain. And Tupperware's growth story remains intact: Tupperware will benefit from the U.S. 'frugal consumer' trend toward many, many more leftovers and fewer meals out. Hence, I'm Reiterating my Buy rating for Tupperware Brands Corporation (NYSE: TUP).
Further, TUP's decision to acquire a beauty/personal care products business from Sara Lee, concentrated primarily in Latin America and Asia Pacific, also was a good one: margins for these two lines are expected to exceed TUP's corporate average.