Best Stock Run
Arctic Cat’s (Nasdaq: ACAT) recent stock performance is more indicative of a rocket than of snowmobiles and all-terrain vehicles. In the 52 weeks ended March 2, the Thief River Falls–based company’s stock price rose 181 percent to $38 a share. It bested all other Minnesota stocks and ranked 31st in the nation for best stock appreciation when compared with the overall performance of the S&P 500 index during the same period. Strong revenue growth following the launch of 23 new snowmobile models, combined with cost reductions, improved Arctic Cat’s operating margins and yielded a higher-than-anticipated earnings-per-share price of $1.15 in its most recent financial quarter. Analysts anticipate that revenues and earnings will soar even further.