Spectrum Brands Buys Aquarium Company

**fish_doc** · 09-06-2005, 08:59 PM

Spectrum Brands Inc., a maker of batteries, lawn products and other consumer goods, said Friday that it bought aquarium-supplies company Jungle Laboratories Corp. for $29 million as part of its strategy for becoming a larger supplier of specialty pet products.

San Antonio-based Jungle Labs, whose products include fish, water and pond-care items, generates about $14 million in annual revenue and is expected to slightly boost Spectrum's earnings for fiscal 2006, the company said.

Analysts expect Spectrum to earn $2.65 per share for fiscal 2006, according to a Thomson Financial survey. The purchase multiple that Spectrum paid is about seven times Jungle's trailing operating income, and the company said it could pay a further amount if Jungle meets certain growth targets.

http://biz.yahoo.com/ap/050902/spect...tion.html?.v=1

**fish_doc** · 09-06-2005, 09:00 PM

I wish I could find a deal like that. If I understand it right it has 14 million a year in profits. That means the company pays itself off in 2 years. After that its all profits.

**fish_doc** · 09-06-2005, 09:00 PM

Dont worry solor-ton there are lots of stories out there to bring up to the group. LOL

**TheOldSalt** · 09-06-2005, 09:21 PM

No, not 14 million in profit, but 14 million is SALES. Very big difference.

**fish_doc** · 09-06-2005, 09:35 PM

The company I work for sold a division for 2 million the division made 4 million a year in profit. It had 25 Million a year in sales. They sold it to a vp that was leaving the company. They said they were selling it because it didn't fit in the corporate profile of the rest of the business. Yea right. It sure fit in the vp's pocket nicely. He had it paid off in 6 months.

solar-ton · 09-07-2005, 07:39 AM

lol yet again fish_docs links.there should be a forum called fish_docs links rofl

09-06-2005, 08:59 PM	#1
fish_doc Advisor to Neptune (Mod) Join Date: Jan 2005 Location: Northern Illinois Age: 40 Posts: 3,881 Blog Entries: 14	Spectrum Brands Buys Aquarium Company Spectrum Brands Inc., a maker of batteries, lawn products and other consumer goods, said Friday that it bought aquarium-supplies company Jungle Laboratories Corp. for $29 million as part of its strategy for becoming a larger supplier of specialty pet products. San Antonio-based Jungle Labs, whose products include fish, water and pond-care items, generates about $14 million in annual revenue and is expected to slightly boost Spectrum's earnings for fiscal 2006, the company said. Analysts expect Spectrum to earn $2.65 per share for fiscal 2006, according to a Thomson Financial survey. The purchase multiple that Spectrum paid is about seven times Jungle's trailing operating income, and the company said it could pay a further amount if Jungle meets certain growth targets. http://biz.yahoo.com/ap/050902/spect...tion.html?.v=1 __________________ Dave (fish_doc) A World of fish

09-06-2005, 09:00 PM	#2
fish_doc Advisor to Neptune (Mod) Join Date: Jan 2005 Location: Northern Illinois Age: 40 Posts: 3,881 Blog Entries: 14	I wish I could find a deal like that. If I understand it right it has 14 million a year in profits. That means the company pays itself off in 2 years. After that its all profits. __________________ Dave (fish_doc) A World of fish

09-06-2005, 09:00 PM	#3
fish_doc Advisor to Neptune (Mod) Join Date: Jan 2005 Location: Northern Illinois Age: 40 Posts: 3,881 Blog Entries: 14	Dont worry solor-ton there are lots of stories out there to bring up to the group. LOL __________________ Dave (fish_doc) A World of fish

09-06-2005, 09:35 PM	#5
fish_doc Advisor to Neptune (Mod) Join Date: Jan 2005 Location: Northern Illinois Age: 40 Posts: 3,881 Blog Entries: 14	The company I work for sold a division for 2 million the division made 4 million a year in profit. It had 25 Million a year in sales. They sold it to a vp that was leaving the company. They said they were selling it because it didn't fit in the corporate profile of the rest of the business. Yea right. It sure fit in the vp's pocket nicely. He had it paid off in 6 months. __________________ Dave (fish_doc) A World of fish

09-07-2005, 07:39 AM	#6
solar-ton guardian of the sea Join Date: Aug 2005 Location: a tree Age: 16 Posts: 670	lol yet again fish_docs links.there should be a forum called fish_docs links rofl __________________ minimum oscar tank size: 75 gallon for 2 a 125 goldfish can cause hith diesease! so dont feed them goldfish as a staple diet!

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09-06-2005, 09:21 PM	#4
TheOldSalt Darth Ichthyos Join Date: Jan 2005 Posts: 4,471	No, not 14 million in profit, but 14 million is SALES. Very big difference.

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