Monday, August 9, 2010

Hansen's 2Q Results

Looks like an excellent quarter from Hansen Natural (HANS). Historically, Hansen's Monster Energy brand has been a domestic story, but the traction of their international business appears to have started to kick in.

The stock is now selling at more than 17x forward earnings (~15x if you back out the cash & short-term investments...currently ~$ 470 million).

The shares are up more than 50% since my first mention of Hansen on July 21st, 2009 in Stocks to Watch. Back then the stock was selling at more like 11x earnings and even less after backing out the net cash on the balance sheet.

Here's an article that discusses some of the 2Q results.


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