Jarden's Growth Is in the Bag

Investment pro Neal Goldman, president of Goldman Capital Management, picks up growth stocks wherever he can--even in such humdrum businesses as products for home canning and food packaging. His purchase of Jarden (JAH ), a Big Board-listed stock (formerly called Alltrista) has rewarded him well: The stock has bucked the market's precipitous drop--swinging up from 5 a share (post-split) on Sept. 21 to 17.90 on June 12. That's only the start, says Goldman. Based on his 2002 earnings estimate of $1.50 a share, on sales of $400 million, Goldman sees the stock boiling up to 30 in a year--with help from Jarden's purchase of packaging company Tilia. In 2003, earnings should rise to $1.85 a share on $450 million in sales, he says. Jarden made 43 cents a share in 2001 on sales of $305 million. Another appeal of Jarden: Chairman and CEO Martin Franklin is a dealmaker who has bought and sold other companies. Goldman believes Franklin, who says Jarden is a "sleeper," is building up the company to sell later. Goldman owns 5% of Jarden.

By Gene G. Marcial

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