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Stock Update: Tupperware Brands Corp.

Tupperware was the second-worst performing company with a loss of -$199,980.  Tupperware struggled to grow sales around the world, particularly in emerging markets which comprise two-thirds of their sales.  This was further exacerbated by weakening currencies against the strong dollar.  They are working on reinvigorating sluggish markets through updating their training methods and delivering it digitally.  This will be the third year of declining earnings due mainly to currency.  On the bright side, as currency stabilizes and the training initiatives gain traction, management should have more cash flow to buy back stock and increase the dividend.  Over the last five years, Tupperware has bought back 20 percent of the outstanding shares and increased the dividend by nearly 90 percent. 
 

The portfolio is actively managed. For the FAM Equity-Income Fund's current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the FAM Equity-Income Fund's performance data that is current to the most recent month-end, click here.

 

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