By
Rick Aristotle Munarriz
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More Articles
March 26, 2012
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What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|
Company
|
March 23 |
Weekly Gain |
My Watchlist |
| Gordmans Stores (Nasdaq: GMAN ) |
$20.47 |
33% |
Add |
| Oxford Resource (NYSE: OXF ) |
$9.29 |
27% |
Add |
| Cost Plus (Nasdaq: CPWM ) |
$18.66 |
26% |
Add |
| On Assignment (Nasdaq: ASGN ) |
$17.09 |
22% |
Add |
| Glu Mobile (Nasdaq: GLUU ) |
$4.85 |
22% |
Add |
Source: Barron's.
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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