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BUY Recommendation

posted Nov 12, 2009, 10:37 PM by Mohit Kumar   [ updated Nov 12, 2009, 10:38 PM ]

We have been adding quite a few small caps to  our portfolio in recent times. Today, we are adding a steady and stable business to "energize" our portfolio:
  • Headquarters in St.Louis
  • Manufacturer of primary batteries, flashlights and a range of personal care products.
  • Battery comprises over 50% of the company sales
  • Series of successful acquisitions has enabled it to nicely diversify in consumer products
  • Has a significant debt of over 2000 million due to recent acquisitions but possesses a strong cash flow to be able to pay it off
  • Continued low consumer spending could hurt the stock
  • High price of raw materials specially those used in battery can temporarily dent the business as well.
  • Simply speaking, they make products which people buy, use, throw and buy again, hence, a steady cash flow!
  • Stable sales growth should trigger returns and we are ready for it!
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