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PebbledsPicks (61.55)

November 2010: Energizer Holdings Inc. (ENR)



November 02, 2010 – Comments (0) | RELATED TICKERS: ENR

Energizer Holdings, Inc. manufacturers and sells primary batteries, portable lighting, and personal care products worldwide. The company offers carbon zinc, alkaline, rechargeable, and lithium primary batteries. Its flashlights and other battery-powered lighting products include flashlights and lanterns for home, work, and outdoors; and novelty and impulse flashlights. The company markets its batteries, and flashlights and other battery-powered lighting products under Energizer and Eveready brand names. In addition, Energizer Holdings offers wet shave products, including razor systems, such as razor handles and refillable blades, and disposable shave products for men and women; skin care products, including sun care products; feminine care products; and infant care products, such as bottles, cups, mealtime products, pacifiers, and diapers. The company sells its wet shave products under the Schick and Wilkinson Sword, Edge, and Skintimate brand names; skin care products under the Banana Boat, Hawaiian Tropic, Wet Ones, and Playtex brand names; and feminine care and infant Care products under the Playtex and Diaper Genie brand names. It markets its products through a direct sales force, distributors, and wholesalers. Energizer Holdings was founded in 1999 and is based in St. Louis, Missouri.

Comments: Today's drubbing on an earnings miss and flat revenue will prove to be a good LTBH buying point. I just bought my first small portion of ENR as I have been watching it for about a year now after TMF picked the stock for Stock Advisor.

Overpriced, high-growth stocks like NFLX and AMZN are getting tons of love with ridiculous P/Es, and quality, slower growth stocks like MSFT are trading at historically low P/Es.  This just can't continue for too much longer. ENR will earn $7 in the near future (2-3 years). Stick a conservative 15x on that and you've got 60+% upside from today's price.  Do you think the S&P 500 will be trading at 1900+ in the same time period?

I think not. Take this opportunity to buy high-quality companies with strong brands trading at historically low valuations. 

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