ENR - Energizer: The Debt Pile Remains High But The Strong Free Cash Flows Can Deal With It

• Energizer still has a net debt position of almost $3B, or close to 5X its EBITDA.
• Fortunately, the repayment schedule is quite favorable, and the annual free cash flow is very helpful.
• The mandatory convertible preferred shares seem to be a better choice at the current share price.
• Energizer still is an interesting company, but I'd like to see a lower share price.

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