- Longbow Research's Alton Stump is positive on HANS saying firm's June Energy Drink Survey results indicate category volumes were up 70%+ at Wal-Mart, well ahead of 40-50% growth previously. The primary driver behind the incremental boost in volumes came from additional shelf space allocation for the overall energy drink category.
In a similar pattern to HANS' stock performance over the last 18-24 months, the share price recently pulled back in the 20-25% range following a sharp positive run. Firm believes this most recent move represents a key buying opportunity in light of the company's impressive earnings potential. Maintains Buy.
Notablecalls: HANS may have some potential in it over the next weeks. Found support yesterday @ 50 day moving average. Tight stop.
In a similar pattern to HANS' stock performance over the last 18-24 months, the share price recently pulled back in the 20-25% range following a sharp positive run. Firm believes this most recent move represents a key buying opportunity in light of the company's impressive earnings potential. Maintains Buy.
Notablecalls: HANS may have some potential in it over the next weeks. Found support yesterday @ 50 day moving average. Tight stop.
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