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Blyth Inc. Nov 11
Standard & Poors, Nov 2011
Abstract
Favorable market position in catalog items, candles, and decorative accessories. Vulnerability to reduced discretionary spending in an economic downturn; and A narrow business focus. Standard & Poor's Ratings Services' speculative-grade ratings on Conn.-based Blyth Inc. reflect our opinion that the company has a 'significant' financial risk profile (as our criteria define the term) and our assessment of the company's business risk as 'vulnerable.' Although Blyth has experienced strong growth in its ViSalus weight-loss products business in recent quarters, sales have been declining over the last few years in its core North American PartyLite direct-selling business. The company experienced declining consumer demand during the recession and also has lost more than 1,000 sales consultants in the PartyLite segment over the past...
Companies mentioned in this report are: Blyth Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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