AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
New Products And Services Can Drive Sales, Stock Price.(MAKING MONEY)(INVESTOR'S CORNER)
Byline: NANCY GONDO
Consumers love snapping up the next big thing, whether a gadget, a new service or even low-carb foods. Innovative companies know coming up with new products is key to growing sales, and their stock price.
That's why the N in CAN SLIM stands for new products or services, new management or new industry conditions. In fact, more than 95% of the biggest stock market winners from 1952 to 2001 got a boost from at least one of those criteria, an IBD study found.
A young, exciting company can burst out of the gate. But once people get used to its product or service and the business matures, growth can slow down. Rivals may crop up, come up with a better product, or the industry landscape could also undergo changes.
How a firm responds to such challenges can make a difference in its financial results and its share price.
Coach, founded in 1941, started selling high-quality handbags at prices slightly lower than those charged by haute couture designers. When it got bought by Sara Lee in 1985, it was a money-making machine, growing sales an annual 32% to $540.4 million the fiscal year ended June 1997.
But it ran out of steam. Coach's sales fell 3.4% in fiscal 1998 and 2.8% in '99. What happened? Some other designers also began offering stylish, yet affordable, high-end products. At the same time, firms making ...
- Marketing snafus blemish BeautiControl stock. (slow sales of BeautiControl...
- Magazine article from: Dallas Business Journal Scott, Dave September 20, 1991 700+ words
...miscalculations launching a few new products in August. The miscalculations...snowballed into a one-day stock price drop of more than 15...distributors load up with the new products and then demonstrate...Carrollton, TX 75006 Stock price: NASDAQ/BUTI 52...
- Playing catch-up at Intel: The dominant chipmaker for the last 20 years looks...
- News wire article from: The America's Intelligence Wire October 26, 2004 700+ words
(From Financial Post) Byline: STEPHEN GRAHAM ATLANTA - Craig Barrett, Intel Corp.'s 6-foot-3 chief executive, walked onto a stage during an industry conference in Florida last week, got down on his knees in front of more than 6,000 technology managers, and begged forgiveness. "We ate crow," Mr.
- Eli Lilly and Co. can restore its image and improve its stock price by doing a...
- Magazine article from: Indianapolis Business Journal September 29, 2008 700+ words
...Eli Lilly and Co. can restore its image and improve its stock price by doing a better job of touting the benefits of the drugs it sells and more quickly turning research into new products, CEO John Lechleiter told the Economic Club of Indiana...
- Cable Firm Comcast Addresses Concerns about Stock Price, Competition.
- News wire article from: Philadelphia Inquirer (Philadelphia, PA) June 23, 2000 700+ words
...23--Increased competition, a depressed stock price, and new products dominated the discussion yesterday at the annual...improving marketing and service, and introducing new products. He said he expected the company to begin introducing...
- Steady spending, new products keep Gen'l Mills cooking; Food company fights...
- Magazine article from: Advertising Age Thompson, Stephanie June 12, 2000 700+ words
...points to General Mills' high "hit rate" for the handful of new products it introduces annually, which seem well-targeted to consumer trends. STOCK PRICE UP 13% The stock price of General Mills, a company with $6.2 billion in sales in...
- CEO of Aurora, N.Y.-Based Electronics Maker Focuses on New Products.
- Newspaper article from: Knight Ridder/Tribune Business News Robinson, David November 2, 1999 700+ words
...bolster the firm's stock price. That includes buying...frustration over Acme's stock price and the difficulty of...for boosting Acme's stock price. But McKenna also said he hopes some of the new products that Acme is developing...
- Indigo's revenues rise, but stock price drops; the perils of a public company.
- Newspaper article from: The Seybold Report on Publishing Systems September 1, 1995 700+ words
...sounded the alarm and dampened the stock price. After hitting a high of more than $60 per share amid the hoopla of new products and Drupa this spring, the share...analysts are pulling back or the stock price is falling. We recall a similar...
- SteelCloud Projects Fourth Consecutive Profitable Quarter; Thomas P. Dunne, CEO...
- Press release article from: PR Newswire November 3, 2000 700+ words
...s ridiculously low stock price is truly paradoxical...great shape and the stock price is so low the company...ourselves with exciting new products, markets and partners...question, our current stock price is absurdly low...
- International Brands, Inc. Declares a Stock Price Appreciation Right Dividend.
- Press release article from: Business Wire September 26, 1997 700+ words
...a dividend of one "Stock Price Appreciation Right...price was $18. The "Stock Price Appreciation Right...downs the Company's stock price has suffered. The Stock...coffee and introduce new products under the Stella Bella...
- Polaroid Warnings Sends Stock Price Plummeting.
- Newspaper article from: Knight Ridder/Tribune Business News Rosenberg, Ronald July 14, 1999 700+ words
...and increased sales of new products in Japan, pushed Polaroid...drop in Polaroid's stock price, as the firm warned...solid revenues," as new products were ramped up on schedule...instant photography. The new products, which accounted for...