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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: - with a K who wrote (19896)	2/22/2005 10:54:02 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78466

Nice scary headline for HELE this a.m.: "Helen of Troy lowers expectations, shares plunge" Perhaps an inflection point day for HELE holders?: Either time to buy more or to get out. I'm adding a little to my position. Company seems confident enough: "Helen of Troy said sales in the later part of February have started to return to prior expected levels and it does not believe the fourth-quarter sales reductions should have a long-term impact on overall sales. The company, which is licensed to sell products under names such as Vidal Sassoon and Revlon, said it has not lost any customers or channels of distribution. Helen of Troy did not change its sales and earnings guidance for fiscal year 2006, which was given on Jan. 6. For fiscal 2006, which starts in March, it forecast earnings of $2.90 to $3 per share on sales of $645 million to $660 million." OTOH, more than one this thread has indicated they don't trust management. Given the p/e on management's estimated earnings, I'll bet stock will recover IF management is close to being right on their estimates - and if the market doesn't tank. yahoo.reuters.com