Zacks.com Announces That Bill Martin Highlights the Following Stock: JM Smucker

Business Wire, June 26, 2006

CHICAGO -- Bill Martin profiles a consumer staples name that has put up a 12% gain while much of the market has tanked. Read about JM Smucker (NYSE:SJM). Bill Martin is the editor of the FindProfit newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the June 20 Featured Expert column by Bill Martin include:

Commentary

JM Smucker (NYSE:SJM): The jam, peanut butter, and baking goods maker booked a profit of $35.7 million, or 62 cents per share, up from $22.1 million, or 38 cents per share, a year ago. The profit came on revenue of $501.7 million, up 2% from $491.5 million last year. Backing out pretax merger and integration costs of 4 cents per share and restructuring charges of 2 cents per share, SJM's quarterly profit came in at 68 cents per share compared to 58 cents per share on a comparable basis a year ago.

Bottom Line: While certainly not as glamorous as some of Bill Martin and his team's other holdings, SJM has come through with the reliable performance they were hoping for when they added the stock in April. Since then, as much of the market has tanked, this consumer staples name has managed to put up a 12% gain.

Read Bill Martin's complete commentary regarding the company above and discover other stocks by clicking: http://at.zacks.com/?id=85

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