Hansen Natural (HANS): Goldman Sachs Says $52 On Its Own or $70 in Buyout

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By Douglas A. McIntyre Published
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Hansen Natural Corp. (HANS-NASDAQ) was added to the Americas Buy List at Goldman Sachs with a potential 30% return expected based on a $52.00 price target because of new discounted cash flow and revised P/E targets.  Interestingly enough, Goldman said that Hansen could have significant upside as a takeover candidate, and based on the Vitamin Water purchase it could even fetch $70.00 per share.  Another bonus is the focus of management can focus on growth rather than the Budweiser distribution problems and the options investigations now that those are completed.  Goldman also noted that new products and expanded geography will help the top-line.   Shares of HANS are trading up almost 4% pre-market above $41.00.  Its 52-week trading range is $24.75 to $52.72, and the market cap as of the close was roughly $3.6 Billion.

Jon C. Ogg
June 15, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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