Who might buy? It could make sense for several companies: P&G ( PG ) could expand its portfolio of product offerings, as could Colgate-Palmolive ( CL ), but it could also make sense for Amazon ( AMZN ), as their endeavor in to fresh foods could benefit.
Five years ago, shares of TUP were nearly $100, but today at just about $28, they're down over 70%, which for shareholders, is catastrophic.
Clearly TUP management isn't cutting it, so there's going to have to be a shakeup there, or more preferably, an outright sell of the company to more capable enterprises like those I've listed. It wouldn't be hard to get funding by any of those aforementioned giants.
I'm not suggesting jumping in today, but give it time to settle and look to pick up some shares for a long-term view or if you're like me, some long-dated calls to minimize capital outlays.