5 of Last Week's Biggest Winners
What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|March 23||Weekly Gain||My Watchlist|
|Gordmans Stores (NAS: GMAN)||$20.47||33%||Add|
|Oxford Resource (NYS: OXF)||$9.29||27%||Add|
|Cost Plus (NAS: CPWM)||$18.66||26%||Add|
|On Assignment (NAS: ASGN)||$17.09||22%||Add|
|Glu Mobile (NAS: GLUU)||$4.85||22%||Add|
Gordmans Stores popped after posting healthy results for the holiday quarter. The department store chain saw net sales and earnings soar 10% and 21%, respectively.
Oxford Resource Partners investors struck it rich after the low-cost producer of steam coal reaffirmed its commitment to a minimum quarterly distribution of $0.4375 a share. Despite a recent setback, Oxford feels that the payout rate is sustainable at least through 2012. It's a hearty yield of 18.9% even after the pop.
Cost Plus is another retailer making a strong move last week on robust holiday quarter results. The seller of casual home living and entertaining products saw its same-store sales spike 7.6%, and that's on top of a 7.7% store-level increase during the prior year's fiscal fourth quarter. Cost Plus' outlook calls for comps to climb another 5% to 6% for all of its new fiscal year.
Staffing specialist On Assignment got the job done after announcing the $600 million acquisition of Apex Systems. The smaller rival had Apex had roughly $700 million in revenue and $65 million in EBITDA in 2011, so On Assignment is paying a fair price before considering the post-merger synergies.
Needham upgraded shares of Glu Mobile on the heels of the head-turning OMGPOP acquisition. If the developer behind a single hit game is worth roughly $200 million, shouldn't the more established Glu be worth more than its current market cap of $300 million?
More winners for you
It was a great week for these five stocks. If you want to get an early read on some of tomorrow's major gainers, there's a special report on three hidden winners in a booming industry. The report is free -- like this article -- but it won't be around forever, so check it out now.
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