By Dan Mitchell, MLM Blog Correspondent
From Fox Business:
As China helps lead the global recovery, the Avon Lady is there making sure the country is ready for its close-up.
Avon Company (AVP: 31.99, 0.45, 1.43%), says Jill Evans, co-portfolio manager of the Alpine Dynamic Dividend Fund, has a huge stake in emerging markets. “It is very well positioned in this rebounding global consumer economy,” says Evans. “60% of its sales are in emerging markets, Brazil being the largest with 23% of its sales.’
Evans, whose $1.5 billion fund has a 2% Avon holding, believes the company’s international scope gives it a lot of room to grow. “Only 3% of its sales are in China,” said Evans, “but [there is] a 70% growth rate. So, it’s a small piece of Avon, but it’s growing rapidly, with 1 million ‘Avon ladies’ there now.”
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Most MLM companies do very well in Asia. MLM offers people who would otherwise never had the opportunity to own a business to become successful with their own business.