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Earnings Deliver a Buy and a Sell
A large majority of earnings reports from all sectors were bad and while my firm's were generally better some of them disappointed as well. I won't sell a stock for having a bad quarter or because I don't like the market but if I have specific reasons that give me pause aside from those that may tip the balance. That is the case with Avon Products (NYSE:AVP). I did not and do not expect a quick turnaround at Avon and I expected the recent dividend cut. That's why it wasn't in the High Income Portfolio despite its stated 6.8% ...
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