Acme United’s (ACU – $10.44) second quarter, ended June 30, 2010, was its strongest quarter ever in earnings per share. Nevertheless, we can identify at least four growth drivers. Products that either recently were brought to the market; are doing well and have plenty of room for growth or outstanding products that will soon enter stores.
Next to these growth drivers we’re positive about Acme United because the Company recently increased its quarterly dividend with 1 cent to 6 cents per share.
Additionally, Acme repurchased 241,000 shares of its common stock over the past 12 months. As of June 30, 2010, there were 83,376 shares remaining for purchase under its stock repurchase program.
We have prepared Acme United’s second quarter update report with a emphasis on its growth potential. We want to make really clear to you that this Company has some terrific consumer products lined up.
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