Spectrum Brands Holdings Inc (SPB): SPC. Spoke with the IR. Carey Phelps, 77...

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PennyPincher

Re: PennyPincher post# 541

Thursday, 01/22/2009 8:27:17 PM

Thursday, January 22, 2009 8:27:17 PM

SPC. Spoke with the IR. Carey Phelps, 770-829-6208.
Not much but here it is....
She was very tight to the vest unliked the penny IRs we're used to speaking with.

The delisting is going to be addressed. They are currently working on their response to the NSYE letter.

(b)They intend on being back in compliance within 6 months but would not give details.(/b)

They are concerned about the share price. Would not elaborate on how they were going to raise it.

(b)There are positive things in the pike but would not elaborate.(/b)

Considering addressing shareholders in letter.

Company is bullish on their product positioning with discount retailers like walmart coming into holiday season. "our products are not in Sax 5th avenue".

Despite the debt the company holds the current MKT cap (5.5M)
in no way reflects the value of the company.

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