Wednesday, October 20, 2010

Schiff Nutrition Flexes Its Muscle

Investors were swallowing up shares of Schiff Nutrition International Wednesday after the association kick The Street in the third entertain and voiced a special money dividend.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 on jot down as of Mar. 31. Anxious to take advantage, investors clamored for the stock, promulgation shares up 14.3%, or $1.30, to $10.40 in Wednesday sunrise trading. Shares of Schiff Nutrition International ( WNI - news - people ) have some-more than doubled in the past year.emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/17/schiff-nutrition-costco-markets-equities-walmart-vitamins.html?partner=yahoobuzzAccording 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.
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