Consumer products maker Jarden raised its quarterly revenue forecast on Monday and said it expects to return to organic revenue growth in 2010. Doug Lane, consumer products analyst at Jefferies, shared his investment plays on the company.
“This company has done a lot over the past year to put up stellar results in the face of a weak economy and has done a lot to improve its balance sheet as well,” Lane told CNBC.
Lane has a “buy” rating on the company .
“We think Jarden has still got room to move,” he said. “The stock is among the cheapest among our mid- and large-cap consumer products coverage group. We think there’s room for estimates to move up as they integrate recent acquisition they announced; and a return to organic growth should help the multiple as well.”
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Jarden Competes With:
VF
Nacco Industries
Sears Holdings
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Disclosures:
Lane does not own shares of Jarden.
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