Wednesday, October 20, 2010

Schiff Nutrition Payday

Vitamin builder Schiff Nutrition International done gains on Wednesday on headlines that the association would suggest a special money dividend, and the recover of quarterly formula that kick analysts" distinction estimates.Showing certainty in the capability to beget money flow, the Salt Lake City-based manufacturer of branded and private-label vitamins pronounced the house of directors authorized a 50 cent per share dividend, on credit on Apr. fourteen to shareholders of jot down as of Mar. 31. emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/17/schiff-nutrition-costco-markets-equities-walmart-walgreens-vitamins.html?partner=yahoobuzzAnxious to take advantage, investors primarily bid the batch higher, promulgation shares as high as $11, though they"ve given slid behind to a some-more medium benefit of 3.2%, to $9.39 in Wednesday afternoon trading. Shares of Schiff Nutrition International ( WNI - news - people ) have some-more than doubled in the past year.According to B. Riley researcher Ian Corydon, Schiff is sitting on rounded off $59 million in money and has been seeking to take alternative branded vitamin makers. Corydon tells Forbes that "Schiff is seeking for companies with niche products to supplement in to their distribution." But incompetent to find befitting targets so far, the firms house motionless to share a little of the resources with investors by the special dividend. Corydon says that MegaRed, Schiffs Omega-3 krill oil dictated to await cardiovascular health, has been a big expansion motorist for the company. After removing sales proposed in Costco ( COST - news - people ) a year ago, Corydon records the product is right away being sole in Walgreens ( WAG - news - people ) as well and "[Schiff] is gearing up to launch MegaRed in Wal-Mart ( WMT - news - people ) soon."For the third entertain Schiff warranted $5.7 million, or twenty cents per share, up from $3.6 million, or thirteen cents per share in the year-ago period. Sales for the entertain finished Feb. twenty-eight climbed to $53.3 million, up from only underneath $50 million in the third entertain of 2009. Those total kick the estimates of analysts polled by Thomson Reuters, who likely gain of fourteen cents per share on sales of $51.4 million.,,2010/03/17/schiff-nutrition-costco-markets-equities-walmart-walgreens-vitamins.htmlOn the companys quarterly discussion call, Bruce Wood, arch senior manager of Schiff said, "We hold the money on all sides after the division remuneration provides us with the monetary coherence to deposit in the business, account organic expansion initiatives, and go on to try merger opportunities."
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