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ENR Fires!

posted Aug 1, 2010, 1:06 PM by Mohit Kumar   [ updated Aug 1, 2010, 1:14 PM ]
Energizer Holding (ENR) soared up about 10% last week following a promising earnings in the third quarter!

Analyst expectation?

EPS: $.95
REV: $1.05 B

ENR Delivered?

EPS: $1.35
REV: $1.07 B

What made the difference?

The launch of the Schick Hydro and significant growth in the shaving product lines allowed ENR to well overcome the pricing pressure it has been facing in its battery business. The significant rise in sales and profit caused it to smash past analyst expectations! We are very happy with what ENR delivered and continue to relish this solid position in our portfolio!

Next Recommendation?

Wondering why we did not make a recommendation last week? As promised before, we would be more dynamic this quarter, adding more stocks when we think the time is better and avoiding at other times, being a little more flexible than the strict 15 day boundary. Expect the next recommendation to come your way soon!!

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