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Spectrum Brands Holdings, Inc. Message Board

  • I wonder if anyone here has an opinion on SPB. Harbinger Group has been continuously buying shares and now owns about 60% of the shares. I am thinking that this buying seems likely to continue until they own all the shares, and the price should continue to rise until that point is reached. Any opinions?

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    • Why not just buy SPB at a discount through HRG instead, especially considering their 58% stake in SPB is worth about $1.8B, compared to their total market cap of only $1.2B?

      Sentiment: Hold

      • 2 Replies to
      • Hi,
        This insider buying is uncanny. You don't see this kind of constant buying activity very often. Not sure if their buying is the actual cause of their sensational annual price climb or if the buying is due to some possible future event that warrants such enthusiasm. When I screen candidates I look for three criteria:
        1) Relative strength compared to the major broad markets and its own industry.
        2) Company must have a dividend, yield not important.
        3) Huge recent insider buying.

        SPB fits all three criteria.

      • Well, I did not know until now that they are a publicly traded company. In any event, I would guess that there is a reason for that discount, and in this case, I would prefer to have ownership in the company that has a business rather than an investment vehicle. (For that, I have IEP, PSEC, and CODI.) SPB pays a dividend, its chart shows an increasing price while HRG is flat, and I would typically prefer to own the acquired company rather than the buyer. Are you long either one??

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