Posts Tagged ‘RAVN’

  • Raven Industries Splits 2-for-1
    , July 26th, 2012 at 10:39 am

    I’ve called Raven Industries ($RAVN) “the best stock you’ve never heard of.” Here’s a description from Hoovers:

    Quoth the Raven, “Balloons (and more) evermore!” Raven Industries’ Aerostar division does sell high-altitude, research balloons, as well as parachutes and protective wear used by US agencies. Its Engineered Films Division makes reinforced plastic sheeting for various applications. The Applied Technology Division manufactures high-tech agricultural aids, from global positioning system (GPS)-based steering devices and chemical spray equipment to field computers. The Electronic Systems Division offers electronic manufacturing services and supports the other divisions. Goodrich is a major customer.

    Not too sexy, is it? But consider that the stock is up more than 23,000% in the last 30 years (not including dividends) and that Raven is nearly completely ignored by Wall Street.

  • Raven’s Blowout Quarter
    , March 13th, 2012 at 2:42 pm

    Last year, I called Raven Industries ($RAVN) “the best company you’ve never heard of.” The company makes reinforced plastic, electronics, flow control devices, and balloons. I noted that shares of Raven were up more than 210-fold in 30 years.

    Raven just reported earnings of 60 cents per share, 12 cents more than expectations. The stock has been up by as much as 6% today.

    Raven said in today’s earnings report: “For the company overall, while quarterly growth in every division could be difficult to sustain in the year ahead, we believe that meeting our long-term target of at least 10 percent growth in earnings is possible.”

    Look for the 26th-straight dividend increase sometime soon.