Avery Dennison Corp (AVY)

brianpivar (97.59) Submitted: 10/19/2009 3:06:23 AM : Start Price: $38.06 AVY Score: -1.11

on cnbc.com 20 Stocks with the Biggest Potential To Drop
price target 32.5

lascrucesjim (< 20) Submitted: 8/17/2009 11:16:15 AM : Start Price: $27.86 AVY Score: -27.27

"Safe dividend" cut from $1.64 to $0.80
New dividend payout ratio 66% of projected 2009 net
Sales dropped 20%, Net down 60%+ qtr over qtr
Cash poor ($91M cash facing $2B current liabilities).
Current assets do not cover current liabilities, (0.53 quick ratio).
Debt rich, 1.6 debt to equity ratio.
Wrote down debt $300M to $2B, but increased short term debt $120M
Interest coverage negative
20% of assets are "soft" even after writing off $800M of good will
45% drop in net worth in 8 months
Stock $28, book value $11
Negative tangible book value
Losing market share - sales growth, ROE, and capital investment trail industry figures
Losing stock, $10K invested 5 years ago now $5.2K

With a down market and another poor earings qtr should test the $17.02 low.

TRGoodvsEvil (< 20) Submitted: 7/3/2009 11:49:04 PM : Start Price: $24.59 AVY Score: -33.94

#24 Worst Toxic Polluter
http://www.peri.umass.edu/toxic100_index/