All Juiced Up At Odwalla
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Ever heard of Odwalla? Few have. But this producer of all-natural fruit and vegetable juices has caught the eye of market watchers: The stock has more than doubled so far this year.
Odwalla (ODWA) was first featured in this column on Feb. 6, when investment manager F. Van Kasper picked it as a favorite for 1995. Its shares were then trading at a split-adjusted 7. On May 30, the stock closed at 163/4, after May 18's secondary offering of 1 million shares at 19 depressed the price somewhat. Kasper is convinced it will double yet again over the next 12 months. What's so hot about Odwalla?