Spectrum Brands Holdings Inc (SPB)

[bman007]

Yep, that's what those buying the 5 million shares the last 2 days are thinking. Plenty of drama here with CEO claiming he had plenty of cash flow a couple of months ago and now saying he has to eliminate commons and give bond holders 20 cents on the dollar. More likely this is a company that is not a good model - a holding company with many disimilar products, all needing separate distribution channels, marketing, etc etc. Designed by a bunch of IDIOTS leveraging others money. Wow, haven't we heard this story all over America the last couple of months!!!

CEO Hussey in the news release says the companies are all profitable on their own. WOrks for me!! Split and sell and divide the proceeds MR. HUSSEY - Ler