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ERNIE
Hello--I don't know if you still hold this HELE, I do. Came across this rating. Looks really good.
Again, my thanks to your GREAT picks
Helen of Troy Ltd. (NASDAQ:HELE) is a designer, developer and worldwide marketer of brand-name personal care products. Earlier this month HELE reported record sales and earnings for it's fiscal second quarter and six months ended Aug. 31, 2003. Second quarter sales increased +4.3% to a record $115.782 million versus sales of $111.058 million for the same period of the prior year. Second quarter net income increased a whopping +48% to a record $13.098 Million or 42 cents per diluted share, from $8.876 million or 30 cents per diluted share for the same period a year earlier. The company said that their business continues to do well. Sales increased in every segment of their business, except Tactica. Analysts were pleased to hear that the company was evaluating its strategic alternatives for its investment in Tactica with a view toward maximizing shareholder value. These alternatives could include a possible sale of all or partial interest in Tactica. Of course there are no guarantees, but the fact that the company is evaluating that part of its business is a very positive sign. Over the past month, Wall Street has increased this year's EPS estimates by a dime and next year's by 29 cents or +17%. The stock is up quite a bit this year but could have even more room to run if earnings remain strong
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