RE:Range boundThe SP does seem range bound, but only temporarily. The weather is getting colder and the demand for their products is increasing. After all it is the colder months that SPB makes the bulk of their sales.
It's not as if you can just replace them. They supply products that will be used for a long time to come. Electricity, be it hydro, solar, wind, or nuclear, will never replace hydrocarbons (natural gas) anytime soon. With demand for electricity ever increasing, without any real meaningful change in production, we will not be able to meet the demand. The automotive industry is already rolling back EV production, why?
I think SPB will be fine as long as they execute their plan. Cutting the dividend by 3/4 was drastic, but if they actually bye back shares, increase revenue and grow the business, then the SP will recover.