Update on Hansen Natural Monster
A while back, I wrote a blog on Hansen Natural Corporation, maker of the Monster Energy drink. The stock was apparently getting killed because an analyst dropped his earnings estimate for Hansen because what he thought was declining sales. When I did some research, I found the CEO actually said sales were disappointing, but still ahead of the year before.
I bought more Hansen’s. And thank God I did. The stock popped about 17% after the Company released Q2 earnings.
On the earnings call, the CEO said the company is STILL taking market share away from others. Couple that with cost containment and revenue growth and you have a powerful company, rockin’!
I can’t wait until the 10-Q comes out so I can fully understand the cash flows.
But this is a company that I really, really like – they keep their eyes on the ball, despite what analysts say.
