Weider pumped up as sports supplement business attracts investors; stock gains 9.7%.
This article was originally published in The Tan Sheet
Executive Summary
WEIDER PUMPED UP AS SPORTS SUPPLEMENT BUSINESS ATTRACTS INVESTORS, boosting the company's stock 9.7% in the second quarter. With strong name recognition in the sports nutrition market and a broad portfolio of vitamins, minerals and herbs sold under the Schiff and Great American Nutrition brands, Weider is viewed as well positioned to benefit from the dietary supplements boom. In just over a year of public trading, the stock has increased steadily from its opening price of 11, closing the recent quarter at 17 (up 1-1/2).