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KAMAN Corporation (NASDAQ: KAMN)


Nearly six months ago, I recommended going long Kaman Corporation (NASDAQ: KAMN).  It is up around 51% since that point, so kudos to you if you were crazy enough to follow-up on my recommendation.  But I post here today, to share with you great news from the company: It sold its music division.  If you remember from the original post, I offered, "Its two other main divisions, Industrial distribution and Music are less impressive to me.  I’m going to just toss out Music.  If you care, Kaman is the largest independent distributor of musical instruments and accessories.  The brand is very solid, but the industry sucks.  Kaman could get a pretty penny for this segment, which makes up 18% of revenues.  Until they do this, it will continue to drag on margins and growth rates."  Kaman recently announced that it sold the division to Fender, where it belongs.  This is great news for the margins and growth rates of this stock and should help get this thing over $40 soon.



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This entry was posted on Wednesday, October 31st, 2007 at 7:51 am and is filed under Potpourri. You can subscribe via RSS 2.0 feed to this post's comments. Responses are currently closed, but you can trackback from your own site.

One Comment on “KAMAN Corporation (NASDAQ: KAMN)”

  1. sheriff Says:
    October 31st, 2007 at 7:58 pm

    I have read different views on Kaman, but I just couldn’t pull the trigger on this stock. Of course I forgot about it, thanks for giving me the good news. I did go with QMAR, but did not sell for the 5%, I am still hanging on, a good pick. Thanks for you’re help.