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What: Energizer Holdings
So what: Sales fell 1.9% to $1.06 billion, and earnings per share of $0.81 missed Wall Street's expectations of $0.95 by a wide margin. The company said higher zinc and steel costs would also hurt 2011 results.
Now what: The Energizer Bunny may have run out of juice today, but with brands like Playtex, Schick, and of course Energizer, this Motley Fool Inside Value pick still has a strong brand position. Today's drop provides a nice buying opportunity for this consumer goods stock, despite raw material costs. An earnings miss is never good, but it can provide an opportunity for those looking for a solid long-term investment.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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