|[t]SMBL[/t] gets a mention in Business Week's "Inside Wall Street" column:|
Healthy Milk from Smart Balance
Fat-free milk that tastes like whole milk, enhanced with Omega-3? That's what Smart Balance (SMBL) is counting on to boost sales—along with its "naturally trans-fat-free margarine" and other foods using a proprietary vegetable oil blend. Its milk was launched in Florida in 2007 and in the Northeast last year. Milk sales in Florida hit $4 million in 2008 and could reach $10 million-$12 million in 2009. Shares have risen to 6.82 from 4 in October.
Ken Gau of investment firm Waddell & Reed, which owns stock, says Smart Balance's growth will be driven by such new products. Rising sales "give us confidence the company is on track to achieve first-quarter growth in the range of 18%," says Jon Anderson of William Blair, which has done banking for Smart Balance. He sees profits of 30 cents a share on sales of $266 million in 2009 and forecasts 47 cents on $320 million in 2010.
Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.