Sally Beauty Holdings, Inc. (NYSE:SBH)

JohanHansen (75.55) Submitted: 3/16/2010 10:08:24 PM : Start Price: $8.57 SBH Score: +220.14

bvbb

broker7005 (55.04) Submitted: 6/19/2009 9:12:56 PM : Start Price: $5.25 SBH Score: +408.27

bull

susanbochert (88.05) Submitted: 3/8/2009 12:44:25 PM : Start Price: $4.04 SBH Score: +519.87

From what I see in store sales seem to be increasing instead of falling. Sales seem to be strong and steady.

simplylearning (77.82) Submitted: 1/21/2009 10:48:58 PM : Start Price: $4.66 SBH Score: +461.16

Salons are pricey. Doing your own pedicure or highlights isn't, especially if you can buy "professional" supplies. Certainly not endorsing the "do-it-yourself" method. Orange hair doesn't look good on anyone.

MViscio1 (99.75) Submitted: 10/24/2008 11:34:33 AM : Start Price: $4.55 SBH Score: +489.59

beauty company

mwimhoff (< 20) Submitted: 10/6/2008 6:44:38 PM : Start Price: $7.30 SBH Score: +265.87

The next quarter's earnings should blow away last years because of their move into online sales.

Silifolio (< 20) Submitted: 9/8/2008 11:35:52 PM : Start Price: $9.18 SBH Score: +203.47

chart pick on ma xover and rising trend.

weedleaper (< 20) Submitted: 8/22/2007 11:19:15 AM : Start Price: $8.50 SBH Score: +245.60

Sally has an excellent management team in place and they have come up with a strategy to make-up for the L'oreal loss in its BSG division. I believe that the they will increase the number of non-L'oreal lines because these manufacturers do not want to be distributed by a company that is owned by L'oreal. L'oreal also has a big problem with the salon industry in that it is the most diverted product out there, meaning that it is sold in non-salon entities. L'oreal is losing their creditability with salons. The new lines that BSG is adding are more poised for growth and are not diverted.

WhyBeI (75.15) Submitted: 7/25/2007 1:50:53 PM : Start Price: $8.70 SBH Score: +240.89

With all the bad news, this company's price haven't really changed during the last year or so . This is a great sign of a good business in some distress. Now the question is this: do you believe the management is going to bring a change? I do. Even a small growth with push the stock 40% percent higher.
By the way, they control more than 30% percent of the market. This is the closest thing you can get to a monopoly in such a fragmented market.

KatWoman50 (73.63) Submitted: 4/11/2007 1:57:10 AM : Start Price: $8.80 SBH Score: +227.71

Spun off of Alberto Culver. Beauticians spend a lot of money in these stores. They shop frequently for their products and having a brick and morter store close by is a necessity.

kliu112 (73.35) Submitted: 2/9/2007 8:55:07 PM : Start Price: $9.40 SBH Score: -207.89

While I believe this is a solid company with a strong competitive position in an attractive niche, I think the current stock price incorporates overly rosy expectations. Although results in the recent quarter were good, the company has yet to report a full quarter reflecting the loss of the L'Oreal. Additionally, the high level of debt incurred will result in less free cash flow.

wickedtwister (88.71) Submitted: 1/30/2007 1:45:12 PM : Start Price: $8.69 SBH Score: +233.66

Just recently spun off and has a large distribution network for beauty products. The market is highly fragmented, and SBH has a strong network.

skc0001 (< 20) Submitted: 1/9/2007 9:03:55 AM : Start Price: $7.78 SBH Score: +274.31

A value proposition

wynnkin1523 (< 20) Submitted: 12/7/2006 9:57:17 PM : Start Price: $10.00 SBH Score: +185.64

should catch hold and take off

jericson (99.76) Submitted: 11/29/2006 4:07:47 PM : Start Price: $8.50 SBH Score: +237.93

Sally Beauty is the largest consolidator in a very fragmented business. Whenever a stylist sells a bottle of shampoo or conditioner to a salon customer, she has to get resupplied. She can't go to Wal-Mart or a drug store, so she has to get product directly from the manufacturer or from a middle-person like Sally. (Beauty product companies work hard to promote "salon-quality" products and they would loose their cachet if they could be bought just anywhere.) Sally's biggest competitor is Regis, which is attempting to consolidate the highly-fragmented salon business. I think Sally Beauty will be more successful since shampoo is a commodity and stylists aren't.

This is your chance to participate in LBO mania. Usually, leveraged buyouts remove a stock from the public markets for a few years while management restructures, which means the public sees little of the investment gains. Fortunately, CD&R has left a slice of equity on the market for you and I to invest in. The huge debt is scary looking, but if viewed in terms of an LBO it should be seen as mostly positive.

Also, see my ACV pitch.