K-Tron International (KTII) once again blew away earnings yesterday, reporting a 40% increase in net earnings. It's revenues were $59 million from from $44 in the year ago period. Profits were $6.3 million compared to $4.5 million last year. Results were also helped by international sales benefiting from the ever-weakening dollar.
K-Tron is a virtual recession-proof stock, as it supplies recession resistant industries, including food, consumer products and pharmaceuticals. The stock has been a lone standout in an otherwise abysmal market of late. Reference the attached chart highlighting the stock's rise of 25% vs. a decline in the S&P500 of 10% over the past 6 months.
Reference a post here for more details on the company's background and buy recommendation.
Disclosure: Long KTII
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