Intrinsic value of Spectrum Brands Holdings - SPB

Previous Close

$58.57

  Intrinsic Value

$49.98

stock screener

  Rating & Target

hold

-15%

Previous close

$58.57

 
Intrinsic value

$49.98

 
Up/down potential

-15%

 
Rating

hold

We calculate the intrinsic value of SPB 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 0001), $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 3.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

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
  5,226
  5,360
  5,511
  5,678
  5,862
  6,061
  6,277
  6,510
  6,760
  7,027
  7,313
  7,616
  7,939
  8,281
  8,644
  9,029
  9,435
  9,864
  10,317
  10,795
  11,300
  11,831
  12,392
  12,981
  13,603
  14,256
  14,944
  15,668
  16,429
Variable operating expenses, $m
  4,519
  4,613
  4,722
  4,844
  4,979
  5,127
  5,289
  5,463
  5,651
  5,853
  5,681
  5,911
  6,157
  6,417
  6,694
  6,988
  7,298
  7,627
  7,974
  8,340
  8,727
  9,134
  9,564
  10,017
  10,494
  10,996
  11,524
  12,080
  12,665
  13,281
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
  4,613
  4,722
  4,844
  4,979
  5,127
  5,289
  5,463
  5,651
  5,853
  5,681
  5,911
  6,157
  6,417
  6,694
  6,988
  7,298
  7,627
  7,974
  8,340
  8,727
  9,134
  9,564
  10,017
  10,494
  10,996
  11,524
  12,080
  12,665
  13,281
Operating income, $m
  590
  613
  638
  667
  699
  734
  773
  814
  859
  907
  1,347
  1,401
  1,460
  1,522
  1,587
  1,657
  1,730
  1,808
  1,890
  1,977
  2,069
  2,166
  2,267
  2,375
  2,488
  2,607
  2,732
  2,864
  3,003
  3,149
EBITDA, $m
  1,091
  1,117
  1,145
  1,177
  1,213
  1,252
  1,295
  1,341
  1,391
  1,444
  1,501
  1,562
  1,627
  1,696
  1,769
  1,847
  1,929
  2,016
  2,107
  2,204
  2,306
  2,414
  2,528
  2,647
  2,773
  2,906
  3,046
  3,193
  3,347
  3,510
Interest expense (income), $m
  185
  365
  221
  269
  325
  387
  455
  531
  613
  702
  798
  901
  1,011
  1,128
  1,253
  1,386
  1,526
  1,676
  1,834
  2,001
  2,178
  2,364
  2,561
  2,768
  2,987
  3,217
  3,460
  3,716
  3,985
  4,268
  4,566
Earnings before tax, $m
  225
  392
  369
  343
  313
  279
  242
  201
  157
  109
  446
  391
  332
  269
  202
  130
  55
  -26
  -111
  -200
  -295
  -395
  -501
  -612
  -730
  -853
  -984
  -1,121
  -1,265
  -1,417
Tax expense, $m
  61
  106
  100
  93
  84
  75
  65
  54
  42
  29
  120
  106
  90
  73
  54
  35
  15
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  164
  286
  269
  250
  228
  204
  177
  147
  114
  80
  326
  285
  242
  196
  147
  95
  40
  -26
  -111
  -200
  -295
  -395
  -501
  -612
  -730
  -853
  -984
  -1,121
  -1,265
  -1,417

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
  36,491
  37,330
  38,289
  39,366
  40,560
  41,869
  43,295
  44,839
  46,502
  48,286
  50,195
  52,233
  54,402
  56,707
  59,153
  61,745
  64,489
  67,391
  70,457
  73,695
  77,110
  80,713
  84,510
  88,511
  92,725
  97,161
  101,831
  106,745
  111,914
  117,352
Adjusted assets (=assets-cash), $m
  36,491
  37,330
  38,289
  39,366
  40,560
  41,869
  43,295
  44,839
  46,502
  48,286
  50,195
  52,233
  54,402
  56,707
  59,153
  61,745
  64,489
  67,391
  70,457
  73,695
  77,110
  80,713
  84,510
  88,511
  92,725
  97,161
  101,831
  106,745
  111,914
  117,352
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
  2,764
  2,827
  2,900
  2,982
  3,072
  3,171
  3,279
  3,396
  3,522
  3,657
  3,802
  3,956
  4,120
  4,295
  4,480
  4,677
  4,884
  5,104
  5,336
  5,582
  5,840
  6,113
  6,401
  6,704
  7,023
  7,359
  7,713
  8,085
  8,476
  8,888
Working capital, $m
  2,330
  2,383
  2,444
  2,513
  2,589
  2,673
  2,764
  2,862
  2,969
  3,083
  3,204
  3,335
  3,473
  3,620
  3,776
  3,942
  4,117
  4,302
  4,498
  4,705
  4,923
  5,153
  5,395
  5,651
  5,920
  6,203
  6,501
  6,815
  7,145
  7,492
Total debt, $m
  3,455
  4,210
  5,074
  6,043
  7,117
  8,296
  9,579
  10,968
  12,465
  14,071
  15,789
  17,623
  19,575
  21,650
  23,851
  26,184
  28,654
  31,265
  34,025
  36,938
  40,013
  43,255
  46,672
  50,273
  54,066
  58,058
  62,261
  66,684
  71,336
  76,230
Total liabilities, $m
  32,841
  33,597
  34,460
  35,430
  36,504
  37,682
  38,966
  40,355
  41,851
  43,458
  45,176
  47,009
  48,961
  51,036
  53,238
  55,571
  58,040
  60,652
  63,412
  66,325
  69,399
  72,642
  76,059
  79,660
  83,452
  87,445
  91,648
  96,070
  100,723
  105,617
Total equity, $m
  3,649
  3,733
  3,829
  3,937
  4,056
  4,187
  4,330
  4,484
  4,650
  4,829
  5,020
  5,223
  5,440
  5,671
  5,915
  6,175
  6,449
  6,739
  7,046
  7,369
  7,711
  8,071
  8,451
  8,851
  9,272
  9,716
  10,183
  10,674
  11,191
  11,735
Total liabilities and equity, $m
  36,490
  37,330
  38,289
  39,367
  40,560
  41,869
  43,296
  44,839
  46,501
  48,287
  50,196
  52,232
  54,401
  56,707
  59,153
  61,746
  64,489
  67,391
  70,458
  73,694
  77,110
  80,713
  84,510
  88,511
  92,724
  97,161
  101,831
  106,744
  111,914
  117,352
Debt-to-equity ratio
  0.950
  1.130
  1.330
  1.540
  1.750
  1.980
  2.210
  2.450
  2.680
  2.910
  3.150
  3.370
  3.600
  3.820
  4.030
  4.240
  4.440
  4.640
  4.830
  5.010
  5.190
  5.360
  5.520
  5.680
  5.830
  5.980
  6.110
  6.250
  6.370
  6.500
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
  286
  269
  250
  228
  204
  177
  147
  114
  80
  326
  285
  242
  196
  147
  95
  40
  -26
  -111
  -200
  -295
  -395
  -501
  -612
  -730
  -853
  -984
  -1,121
  -1,265
  -1,417
Depreciation, amort., depletion, $m
  501
  504
  507
  510
  514
  518
  522
  527
  532
  538
  155
  161
  167
  175
  182
  190
  199
  207
  217
  227
  237
  249
  260
  273
  285
  299
  314
  329
  345
  361
Funds from operations, $m
  666
  790
  776
  760
  742
  721
  699
  674
  647
  617
  480
  446
  410
  371
  329
  285
  238
  182
  106
  27
  -58
  -147
  -241
  -340
  -444
  -554
  -670
  -792
  -920
  -1,056
Change in working capital, $m
  46
  54
  61
  69
  76
  84
  91
  99
  106
  114
  122
  130
  138
  147
  156
  165
  175
  185
  196
  207
  218
  230
  242
  255
  269
  283
  298
  314
  330
  347
Cash from operations, $m
  620
  736
  715
  691
  666
  638
  608
  575
  540
  503
  358
  316
  271
  224
  173
  120
  63
  -3
  -89
  -180
  -276
  -377
  -483
  -595
  -713
  -837
  -968
  -1,106
  -1,250
  -1,403
Maintenance CAPEX, $m
  -110
  -112
  -115
  -118
  -121
  -125
  -129
  -133
  -138
  -143
  -149
  -155
  -161
  -167
  -175
  -182
  -190
  -199
  -207
  -217
  -227
  -237
  -249
  -260
  -273
  -285
  -299
  -314
  -329
  -345
New CAPEX, $m
  -55
  -64
  -73
  -82
  -90
  -99
  -108
  -117
  -126
  -135
  -145
  -154
  -164
  -175
  -185
  -196
  -208
  -220
  -232
  -245
  -259
  -273
  -288
  -303
  -319
  -336
  -354
  -372
  -392
  -412
Cash from investing activities, $m
  -165
  -176
  -188
  -200
  -211
  -224
  -237
  -250
  -264
  -278
  -294
  -309
  -325
  -342
  -360
  -378
  -398
  -419
  -439
  -462
  -486
  -510
  -537
  -563
  -592
  -621
  -653
  -686
  -721
  -757
Free cash flow, $m
  455
  560
  527
  492
  454
  414
  371
  325
  276
  225
  65
  7
  -54
  -119
  -187
  -259
  -335
  -422
  -529
  -642
  -761
  -887
  -1,019
  -1,158
  -1,305
  -1,459
  -1,621
  -1,791
  -1,971
  -2,159
Issuance/(repayment) of debt, $m
  -2,250
  755
  863
  969
  1,074
  1,179
  1,283
  1,389
  1,497
  1,606
  1,718
  1,833
  1,952
  2,075
  2,202
  2,333
  2,470
  2,612
  2,759
  2,914
  3,074
  3,242
  3,417
  3,601
  3,792
  3,993
  4,203
  4,423
  4,653
  4,894
Issuance/(repurchase) of shares, $m
  2,727
  0
  0
  0
  0
  0
  0
  8
  52
  99
  0
  0
  0
  34
  97
  164
  235
  316
  417
  524
  637
  755
  881
  1,012
  1,151
  1,297
  1,450
  1,612
  1,782
  1,961
Cash from financing (excl. dividends), $m  
  477
  755
  863
  969
  1,074
  1,179
  1,283
  1,397
  1,549
  1,705
  1,718
  1,833
  1,952
  2,109
  2,299
  2,497
  2,705
  2,928
  3,176
  3,438
  3,711
  3,997
  4,298
  4,613
  4,943
  5,290
  5,653
  6,035
  6,435
  6,855
Total cash flow (excl. dividends), $m
  931
  1,316
  1,391
  1,461
  1,528
  1,592
  1,654
  1,722
  1,825
  1,930
  1,783
  1,841
  1,898
  1,991
  2,112
  2,238
  2,369
  2,506
  2,648
  2,795
  2,950
  3,111
  3,279
  3,455
  3,639
  3,831
  4,032
  4,243
  4,464
  4,695
Retained Cash Flow (-), $m
  -2,891
  -84
  -96
  -108
  -119
  -131
  -143
  -154
  -166
  -178
  -191
  -204
  -217
  -231
  -245
  -259
  -274
  -316
  -417
  -524
  -637
  -755
  -881
  -1,012
  -1,151
  -1,297
  -1,450
  -1,612
  -1,782
  -1,961
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
  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 available for distribution, $m
  -1,960
  1,232
  1,295
  1,354
  1,409
  1,461
  1,512
  1,567
  1,659
  1,751
  1,593
  1,637
  1,681
  1,760
  1,868
  1,979
  2,095
  2,190
  2,230
  2,271
  2,313
  2,355
  2,398
  2,442
  2,488
  2,534
  2,582
  2,631
  2,682
  2,735
Discount rate, %
  11.60
  12.18
  12.79
  13.43
  14.10
  14.80
  15.55
  16.32
  17.14
  18.00
  18.90
  19.84
  20.83
  21.87
  22.97
  24.12
  25.32
  26.59
  27.92
  29.31
  30.78
  32.32
  33.93
  35.63
  37.41
  39.28
  41.25
  43.31
  45.47
  47.75
PV of cash for distribution, $m
  -1,756
  979
  902
  818
  729
  638
  550
  468
  399
  335
  237
  187
  144
  110
  84
  62
  45
  31
  21
  13
  8
  5
  3
  2
  1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  53.4
  53.4
  53.4
  53.4
  53.4
  53.4
  53.4
  53.4
  53.3
  53.0
  53.0
  53.0
  53.0
  52.9
  52.7
  52.3
  51.9
  51.2
  50.5
  49.6
  48.6
  47.5
  46.2
  44.9
  43.6
  42.1
  40.7
  39.2
  37.6
  36.1

Spectrum Brands Holdings, Inc. (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions. It has five segments: Global Batteries & Appliances (GBA), Global Pet Supplies (PET), Home and Garden (H&G), Hardware & Home Improvement (HHI) and Global Auto Care (GAC). The Company's GBA segment includes product categories, such as consumer batteries, small appliances and personal care. The Company's HHI segment includes product categories, such as lockset, plumbing and hardware. The Company's PET segment's product categories include aquatics, companion animal and pet food. The Company's H&G segment's product categories include controls, household and repellents. The Company's GAC segment's product categories include appearance, performance and A/C recharge.

FINANCIAL RATIOS  of  Spectrum Brands Holdings (SPB)

Valuation Ratios
P/E Ratio 11.4
Price to Sales 0.7
Price to Book 1.8
Price to Tangible Book
Price to Cash Flow 5.1
Price to Free Cash Flow 6.1
Growth Rates
Sales Growth Rate -0.7%
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 9.5%
Financial Strength
Quick Ratio 5
Current Ratio 0
LT Debt to Equity 207%
Total Debt to Equity 209%
Interest Coverage 3
Management Effectiveness
Return On Assets 6.3%
Ret/ On Assets - 3 Yr. Avg. 6.6%
Return On Total Capital 5.3%
Ret/ On T. Cap. - 3 Yr. Avg. 5%
Return On Equity 16.3%
Return On Equity - 3 Yr. Avg. 16.3%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 37.8%
Gross Margin - 3 Yr. Avg. 37.2%
EBITDA Margin 14.6%
EBITDA Margin - 3 Yr. Avg. 14.7%
Operating Margin 11.2%
Oper. Margin - 3 Yr. Avg. 11.4%
Pre-Tax Margin 6.9%
Pre-Tax Margin - 3 Yr. Avg. 6.3%
Net Profit Margin 5.9%
Net Profit Margin - 3 Yr. Avg. 5.4%
Effective Tax Rate 13.9%
Eff/ Tax Rate - 3 Yr. Avg. 15.6%
Payout Ratio 32.4%

SPB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SPB stock intrinsic value calculation we used $5008.5 million for the last fiscal year's total revenue generated by Spectrum Brands Holdings. The default revenue input number comes from 0001 income statement of Spectrum Brands Holdings. 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 SPB 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 11.6%, whose default value for SPB is calculated based on our internal credit rating of Spectrum Brands Holdings, 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 Spectrum Brands Holdings.
    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 SPB 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 SPB 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 Spectrum Brands Holdings.

Corporate tax rate of 27% is the nominal tax rate for Spectrum Brands Holdings. 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 SPB stock is equal to 0%.

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 SPB are equal to 54.1%.

Life of production assets of 24.6 years is the average useful life of capital assets used in Spectrum Brands Holdings 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 SPB is equal to 45.6%. 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 - $758 million for Spectrum Brands Holdings - 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 53.409 million for Spectrum Brands Holdings 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 Spectrum Brands Holdings at the current share price and the inputted number of shares is $3.1 billion.

RELATED COMPANIES Price Int.Val. Rating
CENT Central Garden 31.36 173.94  str.buy
ENR Energizer Hold 51.44 70.97  hold
MAS Masco 31.38 76.27  str.buy
SWK Stanley Black& 128.84 349.83  str.buy
NC NACCO Industri 33.47 8.18  str.sell
WHR Whirlpool 113.27 268.18  str.buy
SMG Scotts Miracle 78.08 70.29  hold
FBHS Fortune Brands 43.04 77.08  buy

COMPANY NEWS

▶ [$$] business Watch   [Nov-15-18 11:37PM  The Wall Street Journal]
▶ [$$] Energizer to Acquire Another Spectrum Unit   [07:28PM  The Wall Street Journal]
▶ Energizer to buy Spectrum's auto care business for $1.25 billion   [04:40PM  American City Business Journals]
▶ Bruce Berkowitz Buys Spectrum Brands, Exits AT&T   [Nov-01-18 06:33PM  GuruFocus.com]
▶ New Strong Sell Stocks for October 15th   [Oct-15-18 05:43AM  Zacks]
▶ Hawk Ridge Managements Return, AUM, and Holdings   [Oct-07-18 04:55AM  Insider Monkey]
▶ Spectrum Brands distances its herbicide from Roundup ingredient   [Aug-15-18 08:35AM  American City Business Journals]
▶ HRG: Fiscal 3Q Earnings Snapshot   [07:29AM  Associated Press]
▶ Spectrum Brands shareholders approve merger; deal closes Friday   [02:15PM  American City Business Journals]
▶ Shining New Light on Aquarium Interactivity   [May-29-18 12:08PM  PR Newswire]
▶ 7 Stocks to Buy That Lost 10% in April   [11:13AM  InvestorPlace]
▶ Why Spectrum Brands Holdings Inc. Stock Tumbled Today   [Apr-26-18 11:43AM  Motley Fool]
▶ Spectrum Brands: Fiscal 2Q Earnings Snapshot   [07:07AM  Associated Press]
▶ Is It Time To Buy Spectrum Brands Holdings Inc (NYSE:SPB)?   [Apr-20-18 03:46PM  Simply Wall St.]
▶ Edited Transcript of SPB presentation 7-Mar-17 1:05pm GMT   [Apr-10-18 10:59AM  Thomson Reuters StreetEvents]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.