Alliance One International (AOI) Soars

One of my favorite small-cap tobacco stocks is rallying today on a strong earnings report. Alliance One International (AOI) has been up by as much as 17% today.

For their last fiscal year, AOI saw its net income rise more than 684% to $132.6 million. On a per-share basis, AOI made $1.50 which means the stock is going for less than four times earnings.

CEO Robert E. Harrison said, “Heading into the coming year our balance sheet is in good shape with strong liquidity and is well positioned to support future growth. As we look forward global supply and demand remains dynamic with flue-cured tobacco near equilibrium and burley filler styles potentially in some degree of over supply due primarily to the large Malawi crop this year that should adjust itself the next. Our global footprint, customer initiatives, new products and expense discipline are all contributing to our improved performance and our commitment to drive further shareholder value.”

Since I first recommended the stock to my Quantum Growth subscribers, the stock is up nearly 70%.

More Louis Navellier

Twitter

Facebook

RSS Feed

Little Book

InvestorPlace Network

InvestorPlace.com