Top 10 Clean Energy Stocks To Invest In 2016: Harbinger Group Inc (HRG)
Harbinger Group Inc. (HGI), incorporated on November 3, 2009, is a holding company. The Company's operations are conducted through Spectrum Brands, the Company's subsidiary, which provides branded consumer products, such as batteries, personal care products, small household appliances, pet supplies, and home and garden pest control products, and Fidelity & Guaranty Life Holdings, Inc. (FGL), its wholly owned indirect subsidiary, which provides life insurance and annuity products. In addition, Salus Capital Partners, LLC (Salus), the Company's wholly owned indirect subsidiary, is engaged in the business of providing secured asset-based loans across a range of industries, and Front Street Re Ltd (Front Street), its wholly owned indirect subsidiary provide reinsurance to the specialty insurance sector of fixed, deferred and payout annuities. The Company also own 97.9% of Zap.Com Corporation (Zap.Com), a public shell company, which may seek assets or businesses to acquire or m ay sell assets and/or liquidate. On November 8, 2012, Spectrum Brands completed acquisition of 56% interest in Shaser Biosciences, Inc.
Spectrum Brands
Spectrum Brands Holdings, Inc. is a global branded consumer products company. As of September 30, 2012, HGI owns approximately 57.4% of Spectrum Brands. Spectrum Brands manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellents and specialty pet supplies. Spectrum Brands also designs and markets rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products and hair care household appliances. In addition, Spectrum Brands designs, markets and distributes a broad range of branded small appliances and personal care products. Spectrum Brands' manufacturing and product development facilities are located in the United States, Europe, Latin America and Asia. Spectrum Brands' recharg! eable batteries and char gers, shaving and grooming products, small household appliances, personal care products and portable lighting products are manufactured by third-party suppliers, located in Asia.
Spectrum Brands sells products in approximately 140 countries through a range of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers (OEMs). Spectrum Brands' branded consumer products have positions in six product categories: consumer batteries; small appliances; pet supplies; home and garden control products; electric shaving and grooming products, and electric personal care products. Spectrum Brands competes in six product categories: consumer batteries, small appliances, pet supplies, home and garden control products, electric shaving and grooming, and electric personal care products. Spectrum Brands' range of products include consumer batteries, including alkaline and zinc carbon b atteries, rechargeable batteries and chargers and hearing aid batteries, other specialty batteries and portable lighting products; small appliances, including small kitchen appliances and home product appliances; pet supplies, including aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products and bedding; home and garden control products, including household insect controls, insect repellents and herbicides; electric shaving and grooming devices, and electric and wet personal care and styling devices.
Spectrum Brands markets and sells a range of alkaline batteries to both retail and industrial customers. Spectrum Brands' alkaline batteries are marketed and sold under the Rayovac and VARTA brands. Spectrum Brands also manufactures alkaline batteries for third parties who sell the batteries under their own private labels. Spectrum Brands' zinc carbon batteries are also marketed and sold under the Rayovac and VARTA brands.! Spectrum! Brands sells its hearing aid batteries through retail trade channels and directly to professional audiologists under brand names and private labels, including Beltone, Miracle Ear and Starkey. Spectrum Brands also sells Nickel Metal Hydride (NiMH) rechargeable batteries and a range of battery chargers under the Rayovac and VARTA brands. Spectrum Brands' other specialty battery products include camera batteries, lithium batteries, silver oxide batteries, keyless entry batteries and coin cells for use in watches, cameras, calculators, communications equipment and medical instruments. Spectrum Brands offers a range of battery-powered, portable lighting products, including flashlights and lanterns for both retail and industrial markets. Spectrum Brands sells its portable lighting products under the Rayovac and VARTA brand names, under other brand names and pursuant to licensing arrangements with third parties.
Spectrum Brands markets and sells a range of products in the branded small household appliances category under the George Foreman, Black & Decker, Russell Hobbs, Farberware, Juiceman, Breadman and Toastmaster brands, including grills, bread makers, sandwich makers, kettles, toaster ovens, toasters, blenders, juicers, can openers, coffee grinders, coffeemakers, electric knives, deep fryers, food choppers, food processors, hand mixers, rice cookers and steamers. Spectrum Brands also markets small home product appliances, including hand-held irons, vacuum cleaners, air purifiers, clothes shavers and heaters, primarily under the Black & Decker and Russell Hobbs brands.
In the pet supplies product category Spectrum Brands markets and sells a range of branded pet supplies for fish, dogs, cats, birds and other small domestic animals. Spectrum Brands has a range of consumer and commercial aquatics products, including integrated aquarium kits, standalone tanks and stands, filtration sy stems, heaters, pumps, and other equipment, fish food and water treatment products. Spectrum Br! ands' aqu! atics brands are Tetra, Marineland, Whisper, Jungle and Instant Ocean. Spectrum Brands also sells a range of specialty pet products, including dog and cat treats, small animal food and treats, clean up and training aid products, health and grooming aids, bedding products and consumable accessories including privacy tents, litter carpets, crystal litter cartridges, charcoal filters, corn-based litter and replaceable waste receptacles. Spectrum Brands' specialty pet brands include FURminator, 8-in-1, Dingo, Firstrax, Nature's Miracle, Wild Harvest and Littermaid.
In the home and garden control products category Spectrum Brands markets and sells home and garden care products, including household insecticides, insect repellent, herbicides, garden and indoor plant foods and plant care treatments. Spectrum Brands offers a range of household insecticides, such as spi der, roach and ant killer, flying insect killer, insect foggers, wasp and hornet killer, flea and tick control products and roach and ant baits. Spectrum Brands also manufactures and markets a range of insect repellent products, which provide protection from insects, especially mosquitoes. These products include both personal repellents, such as aerosols, pump sprays and wipes, as well as area repellents, such as yard sprays, citronella candles and torches. Spectrum Brands' brands in the insect control category include Hot Shot, Cutter, Repel, Black Flag and TAT. Spectrum Brands' herbicides brands include Spectracide, Real-Kill and Garden Safe. Spectrum Brands markets and sells a range of electric shaving and grooming products under the Remington brand name, including men's rotary and foil shavers, beard and mustache trimmers, body trimmers and nose and ear trimmers, women's shavers and haircut kits. Spectrum Brands' electric personal care products, marketed and sold under t he Remington, Russell Hobbs, Carmen and Andrew Collinge brand names, include hand-held dryers, curling irons, straightening irons, brush irons, hair setters, fa! cial brus! hes, skin appliances and electric toothbrushes.
FGL
FGL is an indirectly wholly owned subsidiary of HGI, is a provider of annuity and life insurance products in the United States. Based in Baltimore, Maryland, FGL operates its annuity and life insurance operations in the United States through its subsidiaries FGL Insurance and FGL NY Insurance. FGL's products are annuities, deferred annuities and life insurance products (including fixed indexed universal life), which it sells, as of September 30, 2012, through a network of approximately 200 insurance marketing organizations (IMOs) representing approximately 19,000 independent agents and managing general agents. As of September 30, 2012, FGL had over 713,000 policyholders nationwide and distributes its products throughout the United S tates.
FGL's deferred annuities include fixed index annuities and fixed rate annuities. Fixed rate annuities include annual reset and multi-year rate guaranteed policies. FGL, through its insurance subsidiaries, issues a range of deferred annuities (fixed indexed and fixed rate annuities) and immediate annuities. Fidelity & Guaranty Life Insurance Company's (FGL Insurance's) fixed indexed annuities allow contract owners the possibility of earning credits based on the performance of a specified market index without risk to principal. The contracts include a provision for a minimum guaranteed surrender value calculated in accordance with applicable law. During the year ended September 30, 2012 (fiscal 2012), approximately 96% of the fixed indexed annuity sales involved premium bonuses. Fixed rate annuities include annual reset and multi-year rate guaranteed policies. Fixed rate annual reset annuities issued by FGL Insurance and Fidelity & Guaranty Life Insurance C ompany of New York (FGL NY Insurance) have an annual interest rate. FGL Insurance and FGL NY Insurance also sell single premium immediate annuities (SPIAs), which provide a series of periodic payments for a fixed period of ti! me or for! the life of the policyholder. FGL Insurance and FGL NY Insurance offer indexed universal life insurance policies. Holders of universal life insurance policies earn returns on their policies which are credited to the policyholder's cash value account.
In addition to services provided by third-party asset managers, FGL outsources the following functions to third-party service providers, including investment accounting and custody, and underwriting administration of life insurance applications. FGL manages its outsourcing partners and integrates their services into its operations. FGL outsources its new business and existing policy administration for fixed indexed annuity and life products to Transaction Applications Group, Inc., a subsidiary at Dell Inc. (Transaction Group). Under this arrangement, Transaction Group manages all of FGL's call center and processing requirements. FGL has partnered with Hooper Holmes, Inc. (Hooper Holmes) to outsource its life insurance underwriting function. FGL, through its subsidiary FGL Insurance, both cedes reinsurance to other insurance companies and assumes reinsurance from other insurance companies. FGL Insurance provides reinsurance as the reinsurer to four non-affiliate insurance companies.
Salus
Salus, an indirectly wholly owned subsidiary of HGI, is a provider of secured asset-based loans to the middle market across a range of industries with financing throughout the capital structure. The Salus platform also serves as an asset manager to certain institutional investors, such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds who may lack the infrastructure and dedicated compete ncy within senior secured lending. Salus provides secured asset-based loans to the middle market. Salus focuses its credit analysis on the value of accounts receivable and inventory (or other assets) and estimates how much liquidity it can provide against those assets. Salus' loans are use! d across ! a range of industries for general working capital or seasonal needs, acquisitions or opportunistic situations, trade finance, turnarounds, dividend recaps, refinancing and debtor-in-possession financing.
The Company competes with Energizer Holdings, Inc. (Energizer), The Procter & Gamble Company, Matsushita , Energizer and Mag Instrument, Inc., Mars Corporation, The Hartz Mountain Corporation, Central Garden & Pet Company, The Scotts Miracle-Gro Company, Bayer A.G., S.C. Johnson & Son, Inc., Scotts Company, Henkel KGaA, Koninklijke Philips Electronics NV, Jarden Corporation, DeLonghi America, Euro-Pro Operating LLC, Metro Thebe, Inc., d/b/a HWI Breville, NACCO Industri es, Inc., SEB S.A., Conair Corporation, Wahl Clipper Corporation and Helen of Troy Limited.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Harbinger Group (NYSE: HRG ) , whose recent revenue and earnings are plotted below.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-10-clean-energy-stocks-to-invest-in-2016.html
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