TUP - Tupperware Brands: Priced For Perfection Low Quality Earnings

• Tupperware Brands shares have gone parabolic in 2020, moving from $1.15 (March 17th) to $27.19 (September 22nd).
• Tupperware's Q2 FY 2020 E.P.S. growth was low quality with buying back debt at $0.575 cents on the dollar, selling land in Australia, and major cost cutting the drivers.
• There is no indication that Tupperware's top line will show significant growth and Tupperware had $680 million of net debt at quarter end.
• Tupperware's 4.75% June 1, 2021 debt ($488 million face value as of July 29, 2020) still needs to be addressed yet equity investors appear to be whistling past the graveyard.

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