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Spectrum Brand Holdings, Inc. (SPB)

  • Oct. 15, 2014, 2:17 PM
    • The ten companies in the Russell 1000 in which hedge funds hold the biggest stakes are down an average of 16% since that index hit an all-time high on September 18, according to Bloomberg. This stands against a slide in the index of just 7%.
    • “The reactive selling is institutional,” says a portfolio manager. “Now redemptions are coming in, and that’s putting more pressure on the market. All these things are in the mix for perhaps exacerbating the move.”
    • The list: Burger King Worldwide (BKW -4.5%), CVR Energy (CVI -2.4%), Spectrum Brands Holdings (SPB -3.3%), Ally Financial (ALLY -2.6%), Zynga (ZNGA -1.3%), NorthStar Realty (NRF -1.9%), Seventy Seven Energy (SSE -6.6%), Platform Specialty Products (PAH -1.4%), and SunEdison (SUNE -0.6%).
  • Feb. 6, 2013, 5:14 PM
    Spectrum Brands (SPB): Q4 EPS of $0.72 beats by $0.19. Revenue of $870.3M (+2.5% Y/Y) misses by $25.04M. Shares -1.3% AH. (PR)
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  • Oct. 9, 2012, 9:01 AM
    Shares of Spectrum Brands (SPB) jump 9.5% higher in premarket action after the company snaps up a unit of Black & Decker that makes household products such as bathroom fixtures and door locks. The squeeze play could be on with short interest on the name running relatively high.
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  • Sep. 21, 2012, 1:44 PM
    Spectrum Brands (SPB -2.1%) is apparently in final talks to buy a unit that makes door locks and bath fixtures from Stanley Black & Decker (SWK +2.3%), edging out Apollo Global, who was also competing for the business. SWK put its hardware and home-improvement business on the auction block earlier this year, and the deal could fetch around $1.5B. The win would be a big one for SPB whose current market value is only $2.1B.
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  • Dec. 1, 2011, 12:31 PM
    Spectrum Brands Holdings (SPB -2.7%) trades lower after SunTrust cuts the shares to Neutral, citing limited near-term catalysts.
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  • Nov. 29, 2011, 2:17 PM
    Battery manufacturer Spectrum Brands (SPB +1.3%) trades up after Credit Suisse initiates coverage with an Outperform rating. The firm says Spectrum's products offer the same performance as premium brands but for a lower price, which will drive sustainable revenue growth in FY11/12.
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Company Description
Spectrum Brands Holdings Inc is a diversified consumer products company.The Company is engaged in manufacturing and marketing alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies.
Industry: Appliances
Country: United States