Coty (NYSE: COTY), maker of cosmetics and hair-care products, was in big trouble way before anyone ever heard of the novel coronavirus. The company's brands seemed out of touch, and mismanagement played a part in falling sales.
But now on its third chief executive in 2020, Coty displayed surprisingly positive quarterly results on Nov. 6, and CEO Sue Nabi is confident in the company's recovery. Should you buy in?
Coty has been in the headlines frequently over the past few months as it's gone through new CEOs and sold high-profile brands. But while the spectacle was interesting to observe, the company was in obvious turmoil, and the changes did not bring about the desired improvements.
Source Fool.com