September 16, 2019 - 11:18 AM EDT
Revlon: The Glory Is Gone

Revlon: The Glory Is Gone

On Aug 8, 2019, Revlon (REV) reported its 2019 second-quarter earnings. Although the net sales saw a y/y decline of 6%, the operating loss as reported improved to $9.4 million, compared to a $58.0 million loss during the prior-year period. After the earnings release, the share price of REV dropped by 21% in one week, and then began to slowly rebound.

At the current price of $19.99, investors are recommended to sell REV, as this company neither has taken appropriate steps to turnaround its business, nor has the long-term growth potential to

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Source: SeekingAlpha (September 16, 2019 - 11:18 AM EDT)