Fri, Aug. 29, 11:16 AM
- Energizer (ENR -0.6%) sets its corporate lineup for the Personal Care and Household Products businesses after the separation of the company sometime before next summer.
- Ward Klein, currently CEO at Energizer, will be the Executive Chairman of the Board of the Personal Care entity.
- J. Patrick Mulcahy, currently Chairman of the Board of Directors at Energizer, will serve as the Executive Chairman of the Board of the Household Products entity.
- The full slate of officers for each business have also been determined.
Sat, Aug. 23, 7:58 AM
- Joel Greenblatt made investors fortunes at his hedge fund 30 years ago by holding a highly concentrated basket - six to eight names - of deep-value stocks, but his approach today is somewhat different: Buy more than 300 high-quality stocks trading at cheap prices and short more than 300 expensive, lower-quality names. Stocks are weighted in the portfolio depending on where they rank along that spectrum.
- Greenblatt: "[My partner] and I would wake up some days and lose 15% or 20% of our net worth ... now it's more like 15 or 20 basis points."
- The strategy is also available in a trio of mutual funds Greenblatt's Gotham Asset Management offers, and they now account for more than half of Gotham's $7B in AUM.
- A top position last year remaining a large holding after a big run higher is Apple, thanks to "huge returns on capital" and 11% earnings yield. As for Apple's future, Greenblatt will leave that for others to debate: "I don't own just Apple. I own a bucket of companies like Apple, and over time, I know my bucket is going to work."
- Top 5 long holdings now: ENR, SAFM, BG, AXE, CAT.
- Top 5 short holdings now: SUSS, THC, BOBE, KMT, TMO.
Wed, Jul. 30, 8:35 AM
- Energizer (NYSE:ENR) reports organic sales fell 2.8% Y/Y in FQ3.
- Currency swings impacted sales by 60 bps during the period.
- Segment revenue: Personal Care +10.5% to $718M; Household Products -10.9% to $462M.
- Gross margin rate: +180 bps to 47.7%, largely due to restructuring and pricing gains within the Personal Care segment.
Wed, Jul. 30, 7:17 AM| Comment!
Tue, Jul. 29, 5:30 PM
- AB, ACCO, ADT, AMED, AMT, ATRO, AUO, BAH, BDC, BEN, CFR, CVE, D, DHX, DORM, DX, ENR, EVER, GIB, GRMN, GT, HAE, HES, HSP, HUM, HUN, IACI, ICLR, INGR, LFUS, LL, LO, LPLA, MGAM, MINI, MMYT, MRGE, MWV, NICE, NVMI, PAG, PBI, PEG, PSX, PSXP, PTRY, ROK, RRD, S, SAIA, SEE, SGNT, SMP, SO, SODA, SONS, SPB, SPW, TASR, TFX, TRI, VLO, VLY, WEC, WLP
Mon, Jul. 28, 5:22 PM
Mon, Jul. 28, 3:31 PM
- A number of consumer goods companies that sell widely to retail chains are under-performing market indexes today after Dollar Tree announced it will buy out Family Dollar.
- Consolidation in the retail sector could give some leverage to the store chains as their scale broadens, according to Belus Capital Advisors' Brian Sozzi.
- On watch: PepsiCo (PEP -0.7%), Coca-Cola (KO -0.7%), Kraft Foods (KRFT -0.1%), Procter & Gamble (PG -0.4%), Colgate-Palmolive (CL -0.3%), Energizer Holdings (ENR -0.8%), Kimberly-Clark (KMB -0.3%).
- Related ETFs: XLP, VDC, FXG, IYK, RHS, FSTA, UGE, SZK
Wed, Apr. 30, 12:46 PM
Wed, Apr. 30, 9:11 AM
Wed, Apr. 30, 8:30 AM
- Investors and analysts are buying into a plan by Energizer Holdings (ENR) to split the company in two.
- Shares of ENR are up 17.8% premarket to $115.63.
- Suntrust is out with a note to clients saying its rough estimate is that the company is worth $125-$135 per share due to the value about to be unfurled.
Wed, Apr. 30, 7:09 AM
- Energizer Holdings (ENR) will split into two publicly traded companies.
- The company says its Household Products and Personal Care divisions will separate sometime in the second half of FY15.
- The businesses will be able to leverage their brands after the split to unlock more value for shareholders, according to Energizer.
- ENR +6.0% premarket
Wed, Apr. 30, 7:07 AM| Comment!
Tue, Apr. 29, 5:30 PM
- AB, ABX, ACCO, ACT, ADP, ADT, ALLT, AUDC, AUO, CEVA, CKSW, CVE, D, DHX, ENR, EVER, EXC, GIB, GOV, GRMN, GVA, H, HES, HPY, HSP, IACI, ICON, IMN, INGR, IP, ISSI, JLL, LL, LVLT, MGAM, MRGE, MSCI, MWV, NEE, NI, NVMI, NYCB, OMG, OSIS, PBI, PNK, PSX, PSXP, RDWR, RGS, SEE, SNCR, SO, SPW, SUI, TASR, TFX, TRI, TWX, TX, WEC, WLP, ZEUS.
Mon, Apr. 28, 5:03 PM
Tue, Mar. 25, 4:58 AM
- Venezuela's bolivar plummeted to 51.86 to the dollar on a new exchange that the government set up yesterday as part of an attempt to increase dollar supplies and tame the black market.
- The price of the dollar on the government's official exchange is 6.3 bolivars and 10.8 bolivars on a secondary exchange, although it's 57-58 bolivars on the black market.
- While critics charge that the new system, called Sicad 2, represents a severe devaluation, there are also those who are happy about the loosening of Venezuela's currency controls.
- On F/X watch: Clorox (CLX), Colgate-Palmolive (CL), Kimberly-Clark (KMB), Avon Products (AVP), Unilever (UL) and Energizer (ENR).
Wed, Feb. 12, 3:11 PM
- A cut in guidance from Procter & Gamble won't go unnoticed by investors in a numbers of multinationals which could face some forex volatility of their own.
- The performance of companies in Venezuela in particular is a focus. In general, shares of companies with an above-normal percentage of sales in the region were weak today.
- On F/X watch: Clorox (CLX), Colgate-Palmolive (CL), Kimberly-Clark (KMB), Avon Products (AVP), Unilever (UL), and Energizer (ENR).
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