Illuminati Investments
Long/short equity, value, special situations, contrarian

Buy Red Hot Spectrum Brands At A Discount Through Harbinger

Spectrum Brands (NYSE:SPB) is a diversified consumer products company that sells everything from Rayovac batteries to Remington electric shavers, and even the once ubiquitous George Foreman grill, which still enjoys a strong following amongst college students and bachelors everywhere. It aims to sell reasonably priced second tier products that they claim are as good or better than the more expensive leading brands. This strategy, bolstered by several acquisitions including that of the Hardware and Home Improvement operations of Stanley Black & Decker in December of 2012, seems to be working well, as the stock is on an absolute tear ever since emerging from bankruptcy back in 2009, rising over 150% since then, 70% in the last year alone....

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