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Farm Products Chain Keeps Growth Fresh.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: David Saito-Chung
Tractor Supply roared back above its 50-day moving average Jan. 21 on monster turnover. The stock has since eased on less trade. The stock has risen sevenfold since its initial breakout back in October 2001.
The operator of 463 stores supplies products used by recreational farmers and ranchers. Major product lines range from tractors to agriculture to horse, pet and livestock care. Tractor Supply stores also sell clothing and outdoor footwear.
Earnings dipped 7% in the fourth quarter, yet the fourth quarter of 2002 showed an unusual spike in earnings to 44 cents a ...
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