Tupperware might go out of business: Stock plummets almost 50%.

Tupperware was founded in 1946 and is known for its plastic containers that you may have used to store your leftovers. Even today, it is still primarily sold through independent sales consultants. This might be the reason it is in fiscal trouble. However, the company is in over 100 countries and has experienced strong growth in India and China. The company has been focusing on digital transformation and e-commerce lately to enhance sales.
If Tupperware does not obtain adequate funding or changes to its existing loan agreements, it will not have enough cash to pay for its operations and satisfy obligations. Tupperware is trying to obtain supplemental funding so it can stay in business. Tupperware might be delisted from the New York Stock Exchange because it didn’t file its annual report for 2022. I am wondering what exactly is in that annual report. Is it something deeply problematic? Are they trying to secure funding before releasing it? Personally, I think this is a value trap and won’t be purchasing shares of Tupperware.
Works Cited:
https://www.wsj.com/articles/tupperware-engages-financial-advisers-as-near-term-liquidity-faces-pressure-aa7ee75f
https://www.investopedia.com/tupperware-warns-it-may-go-out-of-business-7377814
https://www.usatoday.com/story/money/business/2023/04/10/tupperware-out-of-business-stock-price-drop/11637215002/