Hershey Gains in Every Category and 4 Stocks Riding 52-Week Highs
1-800 Flowers.Com (NASDAQ:FLWS): Closing price $4.02
The company Chief Executive Jim McCann said that, “During our second half, we expect to achieve year-over-year growth in revenues, gross margin and contribution margin driven primarily by our core 1-800-FLOWERS.COM Consumer Floral and BloomNet Wire Services businesses.” McCann also said that the majority of this growth would probably occur during its third quarter. Shares closed up 8.06 percent on the day at $4.02, and have been traded in a 52-week range of $2.70 to $4.12.
Hershey Foods Corp. (NYSE:HSY): Closing price $79.45
A company statement said, “As expected, fourth quarter marketplace performance was solid and we gained market share in every category chocolate, non-chocolate, mint and gum. We had solid seasonal growth in 2012, with retail sell-through in measured channels in line with our estimates. Additionally, for the combined four seasons and the important Halloween period, our market share gain was identical, 0.8 points. Our solid financial performance gave us flexibility in our approach to investments in global go-to-market capabilities that will benefit Hershey over the near and long-term.” Shares closed up 1.49 percent on the day at $79.45, having been traded in a 52-week range of $59.32 to $78.81.
LNB Bancorp (NASDAQ:LNBB): Closing price $7.35
LNB has posted its fourth quarter net charge-offs at $1.8 million versus $3.59 million year-over-year from 2011. Shares closed up 2.37 percent on the day at $7.35, and have have traded in a 52-week range of $5.25 to $7.34.
StMicroelectronics (NYSE:STM): Closing price $8.63
STMicroelectronics might need as much as $500 million to get free of its loss-making joint venture with Ericsson (NASDAQ:ERIC), which compounds the chipmaker’s difficulties as it fights tough competition and weak demand, according to Reuters. Shares closed up 3.73 percent on the day at $8.63, having been traded in a 52-week range of $4.51 to $8.61.
WMS Industries (NYSE:WMS): Closing price $24.75
Scientific Games will purchase all outstanding shares of WMS at $26 per share in cash, for an aggregate enterprise value of round $1.5 billion, including debt of $85 milion and cash on hand of $55 million, as of September 30th. This consideration represents an EBITDA multiple of 6.0x WMS’ Adjusted EBITDA of $246 million for the trailing 12-month period ended September 30, excluding synergies that Scientific Games should achieve. Shares closed up 51.19 percent on the day at $24.75, and have been traded in a 52-week range of $13.90 to $25.30.
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