The issue Bill Ackman raised concerned me.
It is pleasing to see that the company is addressing these head on. From page 28 of today's 10Q:
|(1)||During the second quarter of 2013, we simplified our pricing structure for the North America region by increasing suggested retail prices and reducing total shipping and handling revenues by a similar amount, eliminating a “packaging and handling” line item from our invoices to distributors. We do not expect these changes to materially impact our consolidated net sales and profitability. We anticipate extending these changes to additional markets in future periods.|
As a long investor it is encouraging to see perceived deficiencies being appropriately addressed.