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15	member 5/27/11 11:22AM RE: Author Exit Recommendation 14
We still hold a small position but have trimmed due to valuation. Lots of changes have ocurred in the last couple of years - some good, others not-so-great in our opinion. In general, the new... login to read the rest view available tags
13	member 10/27/10 2:11PM RE: Deal 12
Nails - Sorry for taking so long to reply on this. We are pretty happy with the deal however have a couple of concerns. Positives: Overall the quality / price / financing of deal was clearly value-creating. The... login to read the rest view available tags
11	member 6/30/10 1:18PM Tax assets
Hi, I was wondering if you could elaborate on the tax assets - you refer to a $280mm tax asset and a $10mm recurring annual tax benefit - I could not find any info on this... login to read the rest view available tags
10	member 2/05/10 1:12PM RE: RE: RE: RE: Update 9
Sorry meant to say that 2008 was abnormally high in terms of their spending on A&P. view available tags
9	member 2/05/10 1:12PM RE: RE: RE: Update 8
Yes, I do think it is sustainable. Firstly, 2009 was abnormally high as a proportion of sales. Secondly it seems that Mannely is committed to finance any new spending on core brands by taking A&P... login to read the rest view available tags
7	member 2/05/10 9:43AM RE: Update 6
Roc, I just listened to the conference call and overall I think it was a pretty good quarter. Here is a breakdown of my thoughts: The good news: - Debt paydown has been impressive, down 19MM to 319... login to read the rest view available tags
6	member 2/03/10 5:16PM Update
Thrive25, Do you have any updated thoughts on PBH? Thanks, roc924 view available tags
5	member 11/10/09 3:02PM RE: quarter 4
Roc, I apologize for the belated replay. Yes, the company reported good results - solid earnings despite a small drop in sales, due mainly to lower debt load and cost cuts. Of much more interest was the conference... login to read the rest view available tags
4	member 11/05/09 10:39AM quarter
Thrive, Good job on this one. Earnings looked stellar. What do you think of the new CEO? How about his comments on the call about corporate priorities and shifting focus to building the brands? What was his view available tags
3	member 10/30/09 1:25PM RE: CEO 2
Unfortunately there isn't a lot of clarity around his departure. As I mentioned, the official story is "divergent views on strategic direction", which I know is vague. Since Pettie was actually doing a good job... login to read the rest view available tags
2	member 10/30/09 11:17AM CEO
Thanks for the report. Why do you think the CEO left? It wasn't clear from your report. roc view available tags
1	member 10/30/09 2:26AM Sales Force Initiative
I realized on my post that, among all my grammar errors, I didn't elaborate on what they are changing with respect to their sales force. I meant to state that they are replacing their outsourced... login to read the rest view available tags

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			2010	2011
Price:	12.00	EPS	$1.50	$1.50
Shares Out. (in M):	104	P/E	8.0x	8.0x
Market Cap (in $M):	1,250	P/FCF	12.0x	12.0x
Net Debt (in $M):	-308	EBIT	220	220
TEV (in $M):	942	TEV/EBIT	4.0x	3.6x

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