In order to keep income trickling in, companies the likes of Avon (NYSE: AVP), Mary Kay, and Tupperware are seeing a flux of salespeople -- including professionals forced to take a second job thanks to the recession.

Becke Alexander, the sales manager for Avon, noted that she hears from laid-off bankers and stay-at-home moms every week, but the company is seeing a recent boon from "gainfully employed people worried how long they'll stay that way." In fact, Alexander said, "There are no hobby seekers coming in here. It's people with a legitimate need." This pop in makeup peddlers stems directly from the current economic crisis, but not just from unemployment. A common complaint is that bonuses have disappeared, as have hours, which have forced people to turn to direct sales to make up some cash.

Continue reading Avon, Mary Kay see an employment boom

Avon, Mary Kay see an employment boom originally appeared on BloggingStocks on Mon, 15 Jun 2009 11:40:00 EST. Please see our terms for use of feeds.

Last week when I suggested keepiing an eye on General Dynamics in Chasing Value: French Toast at 35,000 feet: Gulfstream - General Dynamics (GD) I had no idea we would receive an eyeful so soon. However, reports out this morning indicate I was on to something as the Wall Street Journal reported:

• General Dynamics Corp. posted a 25% rise in third-quarter net income, citing robust government defense spending and booming sales of business jets. It also raised its full-year outlook. General Dynamics, which makes Abrams tanks and Stryker troop carriers, two mainstays of U.S. ground forces in Iraq, reported net income of $546 million, or $1.34 a share, compared with $438 million, or $1.08 a share, a year earlier.

General Dyamnics during the quarter improved cash-flow, cash reserves, contracted back-log of work, profit margins and gave a positive outlook to top it all off.

One of the things that makes GD so strong going forward is that the United states war machine keeps finding new frontiers every time you might think that calm is in order. And speaking of orders, investors shoud keep in mind that even if the war in Iraq stopped today and by the wave of a magic wand we could bring the troops and equipment home right now, replenishing our military hardware that has been destroyed, damaged, or just plain worn out will cost billions. General Dynamics and the other defense contractors should do very well even in peace time.

Continue reading Chasing Value: General Dynamics (GD) looking long and flying high!

Chasing Value: General Dynamics (GD) looking long and flying high! originally appeared on BloggingStocks on Wed, 24 Oct 2007 18:30:00 EST. Please see our terms for use of feeds.