I was looking through the list of top % gainers on the NYSE this evening and came across Alcon, ACL, which closed at $129.77, up $9.02 or 7.47% on the day. I do not own any shares of Alcon, but my son does own 5 shares in an account that I monitor. I believe this company deserves a spot on my blog so let me go over a few of the points that I think justifies its inclusion here....
...Taking into consideration my son's small investment in this stock, I have a small bias towards the stock. However, seriously, the stock traded nicely today in an otherwise weak market. The latest quarterly report did everything an investor could wish in a report: they reported increased revenue and earnings, beat expectations on both, and raised guidance on both! Longer-term, they have been reporting strong results for the past 3-4 years, pay a dividend and have been increasing the dividend, reporting increasing free cash flow, and they are even retiring shares enhancing shareholder equity. Finally the balance sheet is strong....
$129.99001 (02/15/07)
