COMPANY GOES FROM 63 TO 54 ON STRONG SALES
By Chris O'Brien
San Jose Mercury News
With today's publication of the SV150, let's take a look at stock sales at one unheralded company that made a sizable jump up the rankings: Komag.
The San Jose maker of disk-drive components landed at 54, up from 63 last year. Sales in 2006 rose to $937.7 million - up 37 percent from $686 million in 2005. The stock price is down to $30.76, compared with $34.66 at the start of 2006. In between, though, the stock enjoyed a nice ride up to $53.48 in March 2006, but has tumbled down slowly every since.
The company got only a temporary bump in the stock price when it announced March 21 that its first-quarter sales would be better than originally forecast. Rather then declining 2 or 3 percent from the fourth quarter of 2006, the company said sales will rise "slightly." The stock has fallen slightly since then.
Read more here.
Tuesday, April 17, 2007
Insiders: Komag climbs the SV150 ladder
Posted by Chris O'Brien at 8:39 PM
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