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Hansen Natural Hit Hard By Goldman Sachs (HANS)

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By Douglas A. McIntyre Published
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Hansen Natural Corp. (NASDAQ:HANS) was downgraded by Goldman Sachs this morning basedupon recent gains in the stock reflecting valuations.  Goldman Sachs believes this reflects the potential that it sees for new product growth and geographic and channel growth.  At the $59 close yesterday the stock was apparently up over 47% since it had been added to Goldman’s BUY LIST on June 14, 2007, compared to a mere 1.1% gain in the S&P 500 index.  It also noted the sever outperformance over the last year with Hansen up over 89% versus an S&P gain of 15.4%.

If pre-market trading is accurate it appears that HANS shares are down 5% around $56.00 in very early indications.  Its 52-week trading range is $24.75 to $61.65, and its market cap was almost $5.4 Billion as of yesterday’s close.

Jon C. Ogg
October 4, 2007

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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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