Hansen Cracks

Hansen Natural (HANS) has been one of the hottest stocks on Wall Street. But yesterday, the shorts finally caught up to the Monster Energy drink maker.
The company’s earnings were in line with expectations (28 cents a share) yet the stock fell $10.40 a share, or 25%. Youch! And that doesn’t count the $10 a share it lost in the month before yesterday’s open. Shares of Hansen were up 332% in 2004, and 330% in 2005. The stock is “only” up 51% so far this year.
I wonder what would have happened if the company missed earnings.

Posted by Eddy Elfenbein on August 8th, 2006 at 10:03 am

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