You have to give credit where it's due and Helen Of Troy (Nasdaq:HELE) management (which means CEO and founder Gerald Rubin) is absolutely willing to take chances to grow this company. Once a licensor of low-price/low-prestige personal care brands, and a maker of fairly low-end consumer care electrics, such as curling irons, Helen of Troy has increasingly built itself into a legitimate player in a variety of personal and houseware products. Although the company's rising debt is likely to magnify what has been a very volatile company to begin with, there looks to be value here for risk-tolerant investors.
A Pretty Good Third Quarter
Helen Of Troy beat expectations for the fiscal third quarter, a welcome change from a recent "mini-trend." Investors should note, though, that acquired revenue and expenses are still impacting performance and it is often more difficult for analysts to accurately forecast results in that environment. In other words, take the beat with a small grain of salt.
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