Energizer also mentioned that gross margin on an adjusted basis was down a little bit. Shareholders need to realize that not only are currency prices inhibiting growth, but competition from generic brands is most likely causing problems. Case in point: how many of you out there reach for private-label batteries before either the Duracell or Energizer name? See what I mean?

Still, management did a pretty good job in keeping the bottom line intact. And shareholders who are looking to hold for a very long time should be comforted by the fact that Energizer has an interesting product portfolio that doesn't just include batteries. It also includes the Playtex line, as well as Schick razors.

The stock has done well over the last six months according to AOL Finance. The quote snapshot said that Energizer increased well over 20% during the six-month frame. That's impressive. At the time of this writing, shares of Energizer were down over 4% on very active volume. Like I implied in the previous paragraph, if you're a long-term owner, you should be okay. Shorter-term players may want to wait for more of a pullback. As always, however, I like P&G when thinking about this arena. P&G is my preferred consumer-products business. Energizer does have that hip percussionist rabbit, I'll grant the company that at least...

Disclosure: I don't own any company mentioned; positions can change without notice.