Intrinsic value of HRG Group - HRG

Previous Close

$13.40

  Intrinsic Value

$19.82

stock screener

  Rating & Target

buy

+48%

Previous close

$13.40

 
Intrinsic value

$19.82

 
Up/down potential

+48%

 
Rating

buy

We calculate the intrinsic value of HRG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  5,109
  5,227
  5,361
  5,512
  5,679
  5,862
  6,062
  6,278
  6,511
  6,761
  7,028
  7,313
  7,617
  7,940
  8,282
  8,645
  9,029
  9,436
  9,865
  10,318
  10,797
  11,301
  11,833
  12,393
  12,983
  13,604
  14,258
  14,946
  15,670
  16,431
Variable operating expenses, $m
  4,519
  4,614
  4,723
  4,844
  4,980
  5,128
  5,289
  5,464
  5,652
  5,854
  5,681
  5,912
  6,157
  6,418
  6,695
  6,988
  7,299
  7,627
  7,974
  8,341
  8,727
  9,135
  9,565
  10,018
  10,495
  10,997
  11,525
  12,082
  12,667
  13,282
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  4,519
  4,614
  4,723
  4,844
  4,980
  5,128
  5,289
  5,464
  5,652
  5,854
  5,681
  5,912
  6,157
  6,418
  6,695
  6,988
  7,299
  7,627
  7,974
  8,341
  8,727
  9,135
  9,565
  10,018
  10,495
  10,997
  11,525
  12,082
  12,667
  13,282
Operating income, $m
  590
  613
  638
  667
  699
  735
  773
  814
  859
  907
  1,347
  1,402
  1,460
  1,522
  1,587
  1,657
  1,730
  1,808
  1,891
  1,977
  2,069
  2,166
  2,268
  2,375
  2,488
  2,607
  2,732
  2,864
  3,003
  3,149
EBITDA, $m
  1,478
  1,512
  1,551
  1,595
  1,643
  1,696
  1,754
  1,816
  1,884
  1,956
  2,033
  2,116
  2,204
  2,297
  2,396
  2,501
  2,613
  2,730
  2,854
  2,985
  3,124
  3,270
  3,424
  3,586
  3,756
  3,936
  4,125
  4,324
  4,534
  4,754
Interest expense (income), $m
  324
  365
  297
  346
  401
  463
  532
  607
  689
  778
  874
  977
  1,087
  1,204
  1,329
  1,462
  1,603
  1,752
  1,910
  2,077
  2,254
  2,441
  2,637
  2,845
  3,064
  3,294
  3,537
  3,792
  4,061
  4,344
  4,642
Earnings before tax, $m
  225
  315
  293
  266
  236
  203
  166
  125
  81
  33
  370
  315
  255
  192
  125
  54
  -22
  -102
  -187
  -277
  -372
  -472
  -577
  -689
  -806
  -930
  -1,060
  -1,197
  -1,342
  -1,493
Tax expense, $m
  61
  85
  79
  72
  64
  55
  45
  34
  22
  9
  100
  85
  69
  52
  34
  15
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  164
  230
  214
  194
  173
  148
  121
  91
  59
  24
  270
  230
  186
  140
  91
  39
  -22
  -102
  -187
  -277
  -372
  -472
  -577
  -689
  -806
  -930
  -1,060
  -1,197
  -1,342
  -1,493

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  36,494
  37,334
  38,293
  39,370
  40,564
  41,873
  43,299
  44,843
  46,506
  48,291
  50,200
  52,238
  54,407
  56,713
  59,159
  61,751
  64,496
  67,398
  70,464
  73,702
  77,118
  80,721
  84,519
  88,520
  92,734
  97,171
  101,841
  106,755
  111,926
  117,364
Adjusted assets (=assets-cash), $m
  36,494
  37,334
  38,293
  39,370
  40,564
  41,873
  43,299
  44,843
  46,506
  48,291
  50,200
  52,238
  54,407
  56,713
  59,159
  61,751
  64,496
  67,398
  70,464
  73,702
  77,118
  80,721
  84,519
  88,520
  92,734
  97,171
  101,841
  106,755
  111,926
  117,364
Revenue / Adjusted assets
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
Average production assets, $m
  4,992
  5,106
  5,238
  5,385
  5,548
  5,727
  5,922
  6,134
  6,361
  6,605
  6,866
  7,145
  7,442
  7,757
  8,092
  8,446
  8,822
  9,219
  9,638
  10,081
  10,548
  11,041
  11,560
  12,108
  12,684
  13,291
  13,930
  14,602
  15,309
  16,053
Working capital, $m
  128
  131
  134
  138
  142
  147
  152
  157
  163
  169
  176
  183
  190
  198
  207
  216
  226
  236
  247
  258
  270
  283
  296
  310
  325
  340
  356
  374
  392
  411
Total debt, $m
  4,647
  5,403
  6,266
  7,236
  8,310
  9,489
  10,772
  12,161
  13,658
  15,265
  16,983
  18,817
  20,769
  22,844
  25,046
  27,379
  29,849
  32,461
  35,221
  38,134
  41,209
  44,452
  47,869
  51,470
  55,263
  59,256
  63,460
  67,883
  72,536
  77,430
Total liabilities, $m
  32,845
  33,600
  34,464
  35,433
  36,507
  37,686
  38,969
  40,359
  41,856
  43,462
  45,180
  47,014
  48,966
  51,041
  53,243
  55,576
  58,046
  60,658
  63,418
  66,332
  69,406
  72,649
  76,067
  79,668
  83,461
  87,454
  91,657
  96,080
  100,733
  105,627
Total equity, $m
  3,649
  3,733
  3,829
  3,937
  4,056
  4,187
  4,330
  4,484
  4,651
  4,829
  5,020
  5,224
  5,441
  5,671
  5,916
  6,175
  6,450
  6,740
  7,046
  7,370
  7,712
  8,072
  8,452
  8,852
  9,273
  9,717
  10,184
  10,676
  11,193
  11,736
Total liabilities and equity, $m
  36,494
  37,333
  38,293
  39,370
  40,563
  41,873
  43,299
  44,843
  46,507
  48,291
  50,200
  52,238
  54,407
  56,712
  59,159
  61,751
  64,496
  67,398
  70,464
  73,702
  77,118
  80,721
  84,519
  88,520
  92,734
  97,171
  101,841
  106,756
  111,926
  117,363
Debt-to-equity ratio
  1.270
  1.450
  1.640
  1.840
  2.050
  2.270
  2.490
  2.710
  2.940
  3.160
  3.380
  3.600
  3.820
  4.030
  4.230
  4.430
  4.630
  4.820
  5.000
  5.170
  5.340
  5.510
  5.660
  5.810
  5.960
  6.100
  6.230
  6.360
  6.480
  6.600
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  164
  230
  214
  194
  173
  148
  121
  91
  59
  24
  270
  230
  186
  140
  91
  39
  -22
  -102
  -187
  -277
  -372
  -472
  -577
  -689
  -806
  -930
  -1,060
  -1,197
  -1,342
  -1,493
Depreciation, amort., depletion, $m
  888
  900
  913
  927
  944
  962
  981
  1,002
  1,025
  1,049
  687
  715
  744
  776
  809
  845
  882
  922
  964
  1,008
  1,055
  1,104
  1,156
  1,211
  1,268
  1,329
  1,393
  1,460
  1,531
  1,605
Funds from operations, $m
  1,052
  1,130
  1,126
  1,122
  1,116
  1,110
  1,102
  1,093
  1,084
  1,073
  957
  944
  931
  916
  901
  884
  860
  820
  777
  731
  683
  632
  579
  522
  462
  399
  333
  263
  189
  112
Change in working capital, $m
  3
  3
  3
  4
  4
  5
  5
  5
  6
  6
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  16
  16
  17
  18
  19
Cash from operations, $m
  1,050
  1,127
  1,123
  1,118
  1,112
  1,105
  1,097
  1,088
  1,078
  1,067
  950
  937
  923
  908
  892
  875
  851
  810
  766
  720
  671
  620
  565
  508
  448
  384
  317
  246
  171
  93
Maintenance CAPEX, $m
  -489
  -499
  -511
  -524
  -539
  -555
  -573
  -592
  -613
  -636
  -661
  -687
  -715
  -744
  -776
  -809
  -845
  -882
  -922
  -964
  -1,008
  -1,055
  -1,104
  -1,156
  -1,211
  -1,268
  -1,329
  -1,393
  -1,460
  -1,531
New CAPEX, $m
  -98
  -115
  -131
  -147
  -163
  -179
  -195
  -211
  -227
  -244
  -261
  -279
  -297
  -315
  -335
  -355
  -375
  -397
  -419
  -443
  -467
  -493
  -519
  -547
  -576
  -607
  -639
  -672
  -707
  -744
Cash from investing activities, $m
  -587
  -614
  -642
  -671
  -702
  -734
  -768
  -803
  -840
  -880
  -922
  -966
  -1,012
  -1,059
  -1,111
  -1,164
  -1,220
  -1,279
  -1,341
  -1,407
  -1,475
  -1,548
  -1,623
  -1,703
  -1,787
  -1,875
  -1,968
  -2,065
  -2,167
  -2,275
Free cash flow, $m
  463
  513
  481
  447
  410
  371
  329
  285
  237
  187
  28
  -28
  -88
  -151
  -218
  -289
  -369
  -469
  -575
  -687
  -804
  -928
  -1,058
  -1,195
  -1,340
  -1,492
  -1,651
  -1,819
  -1,996
  -2,182
Issuance/(repayment) of debt, $m
  -1,058
  755
  864
  969
  1,074
  1,179
  1,283
  1,389
  1,497
  1,606
  1,718
  1,834
  1,952
  2,075
  2,202
  2,333
  2,470
  2,612
  2,760
  2,914
  3,075
  3,242
  3,418
  3,601
  3,793
  3,993
  4,203
  4,423
  4,653
  4,894
Issuance/(repurchase) of shares, $m
  1,538
  0
  0
  0
  0
  0
  22
  63
  108
  155
  0
  0
  30
  90
  153
  220
  296
  392
  494
  600
  713
  832
  957
  1,089
  1,228
  1,373
  1,527
  1,689
  1,859
  2,037
Cash from financing (excl. dividends), $m  
  480
  755
  864
  969
  1,074
  1,179
  1,305
  1,452
  1,605
  1,761
  1,718
  1,834
  1,982
  2,165
  2,355
  2,553
  2,766
  3,004
  3,254
  3,514
  3,788
  4,074
  4,375
  4,690
  5,021
  5,366
  5,730
  6,112
  6,512
  6,931
Total cash flow (excl. dividends), $m
  943
  1,268
  1,345
  1,416
  1,485
  1,550
  1,634
  1,737
  1,841
  1,948
  1,747
  1,805
  1,895
  2,014
  2,137
  2,264
  2,397
  2,535
  2,678
  2,828
  2,984
  3,147
  3,317
  3,495
  3,681
  3,875
  4,079
  4,292
  4,516
  4,750
Retained Cash Flow (-), $m
  -1,702
  -84
  -96
  -108
  -119
  -131
  -143
  -154
  -166
  -178
  -191
  -204
  -217
  -231
  -245
  -259
  -296
  -392
  -494
  -600
  -713
  -832
  -957
  -1,089
  -1,228
  -1,373
  -1,527
  -1,689
  -1,859
  -2,037
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  60
  61
  63
  64
  66
  68
  70
  73
  75
  78
  81
  84
  88
  91
  95
  99
  104
  108
  113
  118
  124
  130
  136
  142
  149
  156
  163
  171
  179
  188
Cash available for distribution, $m
  -760
  1,184
  1,249
  1,309
  1,365
  1,419
  1,492
  1,583
  1,675
  1,769
  1,556
  1,602
  1,678
  1,783
  1,892
  2,005
  2,101
  2,142
  2,185
  2,227
  2,271
  2,315
  2,360
  2,406
  2,453
  2,502
  2,552
  2,604
  2,657
  2,712
Discount rate, %
  10.80
  11.34
  11.91
  12.50
  13.13
  13.78
  14.47
  15.20
  15.96
  16.75
  17.59
  18.47
  19.40
  20.37
  21.38
  22.45
  23.58
  24.75
  25.99
  27.29
  28.66
  30.09
  31.59
  33.17
  34.83
  36.57
  38.40
  40.32
  42.34
  44.45
PV of cash for distribution, $m
  -686
  955
  891
  817
  737
  654
  579
  510
  442
  376
  262
  210
  167
  133
  103
  78
  57
  40
  27
  18
  11
  7
  4
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  63.7
  63.7
  63.7
  63.7
  63.7
  63.7
  63.4
  62.8
  61.7
  60.2
  60.2
  60.2
  60.0
  59.3
  58.1
  56.6
  54.7
  52.4
  49.8
  46.9
  43.8
  40.7
  37.4
  34.3
  31.1
  28.1
  25.3
  22.5
  20.0
  17.7

HRG Group, Inc. is a holding company. The Company operates through two segments: Consumer Products and Insurance. The Consumer Products segment consists of the Company's subsidiary, Spectrum Brands Holdings, Inc. (Spectrum Brands). The Insurance segment includes its subsidiary, Front Street Re (Delaware) Ltd. (Front Street). Through Spectrum Brands, the Company is a diversified global branded consumer products company. The Company offers seven product categories: consumer batteries, small appliances, global pet supplies, home and garden control products, personal care products, hardware and home improvement products and global auto care. Through Front Street, the Company is engaged in the business of providing long-term reinsurance, including reinsurance to the specialty insurance sector of fixed, deferred and payout annuities.

FINANCIAL RATIOS  of  HRG Group (HRG)

Valuation Ratios
P/E Ratio 25.4
Price to Sales 0.5
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 3.3
Price to Free Cash Flow 3.8
Growth Rates
Sales Growth Rate -0.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 21.1%
Cap. Spend. - 3 Yr. Gr. Rate 8.6%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 761.7%
Total Debt to Equity 761.7%
Interest Coverage 1
Management Effectiveness
Return On Assets 0.9%
Ret/ On Assets - 3 Yr. Avg. 0.4%
Return On Total Capital 1.7%
Ret/ On T. Cap. - 3 Yr. Avg. -3.3%
Return On Equity 15.2%
Return On Equity - 3 Yr. Avg. -24.1%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 37.7%
Gross Margin - 3 Yr. Avg. 37.5%
EBITDA Margin 13.5%
EBITDA Margin - 3 Yr. Avg. 12.2%
Operating Margin 10.3%
Oper. Margin - 3 Yr. Avg. 8.8%
Pre-Tax Margin 3%
Pre-Tax Margin - 3 Yr. Avg. 0.9%
Net Profit Margin 2.1%
Net Profit Margin - 3 Yr. Avg. -4.5%
Effective Tax Rate 31.8%
Eff/ Tax Rate - 3 Yr. Avg. 9.2%
Payout Ratio 37.7%

HRG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the HRG stock intrinsic value calculation we used $5009 million for the last fiscal year's total revenue generated by HRG Group. The default revenue input number comes from 2017 income statement of HRG Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our HRG stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.8%, whose default value for HRG is calculated based on our internal credit rating of HRG Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of HRG Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of HRG stock the variable cost ratio is equal to 88.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for HRG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.4% for HRG Group.

Corporate tax rate of 27% is the nominal tax rate for HRG Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the HRG stock is equal to 1.2%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for HRG are equal to 97.7%.

Life of production assets of 10 years is the average useful life of capital assets used in HRG Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for HRG is equal to 2.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1947 million for HRG Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 201 million for HRG Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of HRG Group at the current share price and the inputted number of shares is $2.7 billion.

RELATED COMPANIES Price Int.Val. Rating
ENR Energizer Hold 62.65 74.37  buy
SPB Spectrum Brand 79.60 87.67  hold
ULBI Ultralife 9.85 10.06  hold
CENT Central Garden 42.94 33.78  hold
NC NACCO Industri 33.35 6.25  str.sell

COMPANY NEWS

▶ Spectrum Brands shareholders approve merger; deal closes Friday   [02:15PM  American City Business Journals]
▶ [$$] Jefferies moves up as European banking rivals fade   [Jun-20-18 12:15AM  Financial Times]
▶ 7 Stocks to Buy That Lost 10% in April   [May-09-18 11:13AM  InvestorPlace]
▶ HRG: Fiscal 2Q Earnings Snapshot   [May-04-18 09:13AM  Associated Press]
▶ Broadcom and Qualcomm Trade Blows Over Price Negotiations   [Feb-26-18 04:33PM  Bloomberg Video]
▶ Spectrum Brands merging with majority shareholder, HRG Group   [11:14AM  American City Business Journals]
▶ HRG posts 1Q profit   [Feb-09-18 04:23PM  Associated Press]
▶ Spectrum Brands in talks with majority shareholder on potential strategic transaction   [Jan-19-18 12:10PM  American City Business Journals]
▶ ETFs with exposure to HRG Group, Inc. : January 1, 2018   [Jan-01-18 11:40AM  Capital Cube]
▶ ETFs with exposure to HRG Group, Inc. : December 21, 2017   [Dec-21-17 11:31AM  Capital Cube]
▶ ETFs with exposure to HRG Group, Inc. : December 8, 2017   [Dec-08-17 01:01PM  Capital Cube]
▶ ETFs with exposure to HRG Group, Inc. : November 27, 2017   [Nov-27-17 02:09PM  Capital Cube]
▶ These Stocks Are Showing Reversal Patterns   [02:00PM  TheStreet.com]
▶ HRG reports 4Q loss   [Nov-20-17 06:05PM  Associated Press]
▶ Scotts Miracle-Grow Announced a Higher Dividend   [Aug-11-17 07:36AM  Market Realist]
▶ Scotts Miracle-Gros Margins Are Expanding   [10:38AM  Market Realist]
▶ Analyzing Scotts-Miracle Gros Sales   [09:08AM  Market Realist]
▶ Is Scotts Miracle-Gro Slowing Down?   [07:39AM  Market Realist]
▶ HRG posts 3Q profit   [Aug-04-17 09:54PM  Associated Press]
▶ What to Expect from Scotts Miracle-Gro in 3Q17   [Jul-28-17 01:25PM  Market Realist]
▶ Falcone on Vietnam Investment, Hedge Funds, Steven Cohen   [May-30-17 02:08PM  Bloomberg Video]
▶ [$$] CF Corp to Buy Fidelity & Guaranty Life   [May-24-17 08:44AM  The Wall Street Journal]
▶ HRG reports 2Q loss   [May-05-17 04:55PM  Associated Press]
▶ HRG Group, Inc. Value Analysis (NYSE:HRG) : May 4, 2017   [May-04-17 04:50PM  Capital Cube]
▶ HRG posts 1Q profit   [Feb-07-17 06:41PM  Associated Press]
▶ Is Hydroponics the Next Big Thing for Scotts Miracle-Gro?   [Feb-02-17 10:37AM  Market Realist]
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