Topic: How To Invest

Q: I have a small position in Helen of Troy (HELE) and am thinking of adding to it on its recent dip. Your thoughts on it going forward? Thanks.

Article Excerpt

A: Helen of Troy Limited, $94.49, symbol HELE on Nasdaq (Shares outstanding: 24.0 million; Market cap: $2.4 billion; www.helenoftroy.com), is a global consumer products company. Its brands include Osprey, OXO, Vicks, Braun, Honeywell, PUR, and Drybar. In December 2021, the company completed the acquisition of Osprey Packs for $414.7 million. Founded in 1974, Osprey is a long-time maker of technical and everyday backpacks. A few months later, in April 2022, Helen of Troy purchased Recipe Products Ltd., the maker of prestige haircare products for curly and wavy hair under the Curlsmith brand. It paid $150 million in cash for Recipe Products. Founded in 2017, the Curlsmith brand is a category leader in its rapidly growing market of prestige haircare products for all types of curly and wavy hair. Curlsmith’s range of products includes conditioners, shampoos and co-washes. (A co-wash uses a specially formulated cream cleanser, or conditioner, to remove built-up oil and hairdressing product but without using the harsh lathering ingredients, such as…