Company ABC is a leading consumable chemical packaged goods company, offering a wide variety of chemical cleaning solutions and related products and services which have many applications, ranging from large commercial needs, to individual consumers. They have many recognizable brands, both in the U.S. and internationally, including ABC, ABC Professional, ABC Commercial, as well as numerous other brands. Their stock traded on the New York Stock Exchange under the ticker “ABC”. They currently have operations in the U.S., Canada and Europe, with 83% of their sales coming in the U.S., and 8% and 9% in the other two, respectively. As of August 31, 2014, they had approximately 2,300 employees. ABC was undervalued largely due to non-recurrent factors outside of their control, which had a material negative impact on their 2014 and early 2015 earnings. In May of 2014, there was a large fire at their biggest aerosol manufacturing facility, and the damages have been significant. After all costs to get it back up and running, their earnings had been depleted by $0.12 per share. They also were faced with a litigation issue in California, which was opened in 2010 and closed in 2014, decreasing their 2014 earnings by $0.18 per share. In total, these factors cut earnings by 50% while their revenue continued to grow. ABC hired a new management team in February 2014 to focus on growing the company organically. They have since implemented many cost cutting measures down the supply chain and shifted their focus to grow revenues organically in North America specifically. With all the non-recurrent factors resolved along with lower costs going forward, they will continue to grow revenues and they will be able to achieve earnings more in line with their true earnings potential, which will act as a catalyst towards their fair value. Most importantly in this market, however, is their zero to