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Strategies & Market Trends : Value Investing

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To: - with a K who wrote (19090)10/14/2004 11:37:01 PM
From: Spekulatius  Read Replies (2) of 78464
 
re HELE -latest earnings look good only on the surface, IMO. Without acquisitions, earnings/share would have been flat but one has to dig in pretty deep in the 10Q to find out. I like the OXO acquisition but I have not been able to make sense of the cash flow statements. What bothers me is that HELE consistently has cash outlays for non tangible items (trademarks etc.). I think the stock is cheap for a reason. PE looks good but a lot of this profits are not owners earnings - FCF appears to be low and maybe even nonexistant. I could be wrong but this just does not feel right.
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