Opinions
Barry Schwartz
Energizer Holdings Inc.
ENR-N
PAST TOP PICK
May 21, 2014
Stock price when the opinion was issued
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A serial share repurchaser. Not just in batteries anymore but have lots of other products including razors, suntan lotion, feminine products. Disposable type products which he loves. Much cheaper valuation than its peers. Just instituted a dividend. Buying back a lot of shares. Earnings are going to grow 10%-15% this year and he can see this happening for the next 3 years because of the free cash flow they are generating and the new innovative products they are coming out with.
Similar to Gillette that has batteries, razor blades and other throw away type products. Great business. Doesn’t understand why the market hates this one so much. Generates a lot of free cash flow. Much cheaper than Procter & Gamble and a lot of other branded companies. If they don’t get their act together, he could see either a split up of the company or some activist movements because the valuation is too cheap to ignore. He keeps buying on pullbacks.
(A Top Pick April 18/13. Up 8.52%.) Manufactures batteries, razors under the Schick brand, suntan lotion, feminine products, etc. Didn’t have a very good 4th quarter and a few analysts slapped it hard. He is even more excited about the stock than he has ever been, because of the valuation. Thinks the dividend is going to go higher. Generates a lot of free cash flow. Trades at a deep discount to GNP.
(A Top Pick April 18/13. Up 24.87%.) Had a big bump a week ago when it announced it was splitting into 2, batteries and suntan lotions. Still undervalued. Lots of opportunities for them to grow in Latin and South Americas.