Stocks that doubled

Posted by: Ben Steverman on May 12, 2008

In my new story and slideshow today, BusinessWeek asked fund managers and other stock market gurus to recommend stocks they think could double in the next couple years.
As I say in the article, it’s a tough task: Less than 100 stocks — out of almost 6,700 that trade on major U.S. exchanges — succeeded in doubling in the past year, according to data provider Capital IQ. (Capital IQ, like BusinessWeek is a unit of the McGraw-Hill Companies.)
Who are these overachievers?
None are part of the Dow Jones Industrial Average. Only two are established enough to be in the S&P 500 — Monsanto (MON) and CONSOL Energy (CNX).
Looking only at firms on the Nasdaq and New York Stock Exchange, 81 have doubled in the past year.
Many, but not all, are small. Despite doubling, 29 firms, or more than a third, still have market capitalizations of less than $500 million.
There are some obvious trends — oil, gas, coal, biotech, and fertilizer stocks were hot. But there are also some interesting oddballs. I didn’t know that packaged foods and meats firm Synutra International (SYUT) had given investors a 140% return in the past year. Nor that Rick’s Cabaret International (RICK), operator of (ahem) “adult leisure facilities,” had doubled its still-tiny $180 million market cap in the past year.
The sheer diversity of the list is evidence of how difficult it is to spot winning stocks beforehand.
Below the jump, the full list of Nasdaq- and NYSE-listed stocks that have doubled in the past year.

Here is the full list of Nasdaq- and NYSE-listed stocks that have doubled in the past year. (Some are listed on other exchanges, too, but they also trade on the Nasdaq or NYSE.)
For each stock, I list: The company name; the exchange and ticker; the percentage change in the price from a year ago; its primary industry according to Capital IQ; and its total market capitalization in millions of dollars:
Voxel (OTCPK:VOXQ) 150.0 Healthcare Equipment 0.004
WSI Industries Inc. (NasdaqSC:WSCI) 174.2 Industrial Machinery 36.1
Art's-Way Manufacturing Co. Inc. (NasdaqSC:ARTW) 186.1 Construction and Farm Machinery and Heavy Trucks 44.2
Converted Organics Inc (NasdaqSC:COIN) 235.9 Fertilizers and Agricultural Chemicals 50.4
Hudson Technologies Inc. (NasdaqSC:HDSN) 148.7 Environmental and Facilities Services 53.7
Superconductor Technologies Inc. (NasdaqSC:SCON) 127.0 Electronic Equipment Manufacturers 56.4
UFP Technologies Inc. (NasdaqSC:UFPT) 114.6 Paper Packaging 67.9
Luna Innovations Incorporated (NasdaqNM:LUNA) 156.6 Biotechnology 81.7
Brazilian Telecommunications Corp. (BOVESPA:TELB4) 383.3 Integrated Telecommunication Services 95.4
Dynacq Healthcare Inc. (NasdaqNM:DYII) 324.6 Healthcare Facilities 95.4
CardioDynamics International Corp. (NasdaqSC:CDIC.D) 191.3 Healthcare Equipment 98.3
Tel Offshore Trust (NasdaqSC:TELO.Z) 204.4 Oil and Gas Exploration and Production 140.9
Digital Ally Inc. (NasdaqSC:DGLY) 270.5 Electronic Equipment Manufacturers 141.6
TigerLogic Corporation (NasdaqSC:TIGR) 105.4 Application Software 158.8
Rick's Cabaret International Inc. (NasdaqNM:RICK) 141.7 Leisure Facilities 180.5
Ardea Biosciences, Inc. (NasdaqNM:RDEA) 145.5 Pharmaceuticals 185.3
Vision-Sciences Inc. (NasdaqSC:VSCI) 472.8 Healthcare Equipment 208.1
China Direct, Inc. (NasdaqNM:CDS) 168.6 Diversified Commercial and Professional Services 216.6
Peerless Manufacturing Co. (NasdaqNM:PMFG) 103.5 Industrial Machinery 255.1
China Natural Resources Inc. (NasdaqSC:CHNR) 201.6 Diversified Metals and Mining 261.9
BIDZ.com, Inc. (NasdaqSC:BIDZ) 111.3 Internet Software and Services 266.2
China Fire & Security Group, Inc. (NasdaqSC:CFSG) 115.1 Industrial Machinery 274.5
GeoResources, Inc. (NasdaqNM:GEOI) 178.2 Oil and Gas Exploration and Production 294.5
Ebix Inc. (NasdaqNM:EBIX) 217.9 Application Software 295.8
Gencor Industries Inc. (NasdaqNM:GENC) 244.3 Industrial Machinery 306.1
Sequenom Inc. (NasdaqNM:SQNM) 133.6 Life Sciences Tools and Services 353.3
Capstone Turbine Corp. (NasdaqNM:CPST) 227.8 Heavy Electrical Equipment 429.5
Valence Technology Inc. (NasdaqSC:VLNC) 254.9 Electrical Components and Equipment 455.9
China Finance Online Co. Ltd. (NasdaqNM:JRJC) 235.9 Internet Software and Services 461.8
Tecumseh Products Co. (NasdaqNM:TECU.A) 185.6 Industrial Machinery 566.4
AgFeed Industries, Inc. (NasdaqNM:FEED) 246.0 Agricultural Products 609.1
Axsys Technologies, Inc. (NasdaqNM:AXYS) 194.8 Industrial Machinery 620.0
Calgon Carbon Corp. (NYSE:CCC) 104.7 Commodity Chemicals 712.2
T-3 Energy Services Inc. (NasdaqNM:TTES) 101.3 Oil and Gas Equipment and Services 733.8
Cal-Maine Foods Inc. (NasdaqNM:CALM) 148.9 Packaged Foods and Meats 753.8
James River Coal Co. (NasdaqNM:JRCC) 175.5 Coal and Consumable Fuels 787.6
Rigel Pharmaceuticals, Inc. (NasdaqNM:RIGL) 128.1 Biotechnology 811.3
Canadian Solar Inc. (NasdaqNM:CSIQ) 215.0 Electrical Components and Equipment 889.0
Clayton Williams Energy Inc. (NasdaqNM:CWEI) 194.2 Oil and Gas Exploration and Production 911.7
American Superconductor Corporation (NasdaqNM:AMSC) 104.1 Electrical Components and Equipment 1,239.2
Auxilium Pharmaceuticals Inc. (NasdaqNM:AUXL) 116.2 Pharmaceuticals 1,244.6
Lindsay Corporation (NYSE:LNN) 228.3 Construction and Farm Machinery and Heavy Trucks 1,290.9
Darling International Inc. (NYSE:DAR) 102.0 Agricultural Products 1,318.4
Cepheid (NasdaqNM:CPHD) 100.5 Biotechnology 1,345.7
TBS International Limited (NasdaqNM:TBSI) 184.8 Marine 1,379.4
Aegean Marine Petroleum Network Inc. (NYSE:ANW) 142.5 Marine Ports and Services 1,638.0
McMoRan Exploration Co. (NYSE:MMR) 135.1 Oil and Gas Exploration and Production 1,712.5
Arena Resources Inc. (NYSE:ARD) 101.9 Oil and Gas Exploration and Production 1,749.4
Synutra International Inc. (NasdaqNM:SYUT) 140.7 Packaged Foods and Meats 1,751.8
Stone Energy Corp. (NYSE:SGY) 110.5 Oil and Gas Exploration and Production 1,929.9
Sohu.com Inc. (NasdaqNM:SOHU) 203.5 Internet Software and Services 2,867.2
Encore Acquisition Co. (NYSE:EAC) 106.6 Oil and Gas Exploration and Production 2,921.6
JA Solar Holdings Co., Ltd. (NasdaqNM:JASO) 182.5 Electrical Components and Equipment 3,626.5
BioMarin Pharmaceutical Inc. (NasdaqNM:BMRN) 141.0 Biotechnology 3,843.5
DryShips, Inc. (NasdaqNM:DRYS) 133.8 Marine 3,902.8
Terra Industries Inc. (NYSE:TRA) 139.2 Fertilizers and Agricultural Chemicals 4,021.5
Alpha Natural Resources Inc. (NYSE:ANR) 240.3 Coal and Consumable Fuels 4,109.9
Walter Industries Inc. (NYSE:WLT) 186.6 Industrial Conglomerates 4,312.2
Illumina Inc. (NasdaqNM:ILMN) 133.2 Life Sciences Tools and Services 4,433.2
Bucyrus International Inc. (NasdaqNM:BUCY) 103.7 Construction and Farm Machinery and Heavy Trucks 5,111.1
Priceline.com Inc. (NasdaqNM:PCLN) 137.9 Internet Retail 5,339.6
NAVTEQ Corp. (NYSE:NVT) 100.8 Application Software 7,428.2
CF Industries Holdings, Inc. (NYSE:CF) 240.0 Fertilizers and Agricultural Chemicals 7,713.8
Cleveland-Cliffs Inc. (NYSE:CLF) 140.9 Steel 8,136.3
Millennium Pharmaceuticals Inc. (NasdaqNM:MLNM) 125.7 Biotechnology 8,154.5
FMC Technologies, Inc. (NYSE:FTI) 112.8 Oil and Gas Equipment and Services 10,086.2
Fording Canadian Coal Trust (NYSE:FDG) 172.8 Diversified Metals and Mining 10,644.1
Intuitive Surgical, Inc. (NasdaqNM:ISRG) 114.1 Healthcare Equipment 11,189.3
Baidu.com, Inc. (NasdaqNM:BIDU) 172.5 Internet Software and Services 11,841.1
Agrium Inc. (TSX:AGU) 111.7 Fertilizers and Agricultural Chemicals 13,666.7
Southwestern Energy Co. (NYSE:SWN) 110.8 Oil and Gas Exploration and Production 15,525.1
CONSOL Energy Inc. (NYSE:CNX) 103.1 Coal and Consumable Fuels 16,663.1
Mechel Open Joint Stock Company (NYSE:MTL) 334.0 Steel 21,560.0
First Solar, Inc. (NasdaqNM:FSLR) 314.8 Electrical Components and Equipment 22,689.4
Companhia Siderurgica Nacional (BOVESPA:CSNA3) 139.6 Steel 35,970.8
Mastercard Incorporated (NYSE:MA) 105.6 Data Processing and Outsourced Services 37,293.7
Mosaic Co. (NYSE:MOS) 324.9 Fertilizers and Agricultural Chemicals 56,086.0
Potash Corp. of Saskatchewan, Inc. (NYSE:POT) 205.8 Fertilizers and Agricultural Chemicals 61,825.9
Monsanto Co. (NYSE:MON) 102.6 Fertilizers and Agricultural Chemicals 65,693.1
Research In Motion Ltd. (NasdaqNM:RIMM) 157.3 Communications Equipment 74,798.1
CNOOC Ltd. (SEHK:883) 103.2 Oil and Gas Exploration and Production 80,664.8
Petroleo Brasileiro (NYSE:PBR) 154.2 Integrated Oil and Gas 283,402.7

Reader Comments

Bud Labitan

May 13, 2008 12:05 AM

My new book, "The Four Filters Invention of Warren Buffett and Charlie Munger" examines the basic steps they perform in making an investment decision. Warren Buffett mentions the Four Filters this way: "Charlie and I look for companies that have a) a business we understand; b) favorable long-term economics; c) able and trustworthy management; and d) a sensible price tag." These Four Filters can enhance the probability of our investment success. I think they will help you in your search for intrinsic value and sensible investment. My book is available at www.frips.com

Here is a 10 min. audio book summary:
http://www.frips.com/4fsummary.mp3

Bud Labitan

May 13, 2008 12:05 AM

My new book, "The Four Filters Invention of Warren Buffett and Charlie Munger" examines the basic steps they perform in making an investment decision. Warren Buffett mentions the Four Filters this way: "Charlie and I look for companies that have a) a business we understand; b) favorable long-term economics; c) able and trustworthy management; and d) a sensible price tag." These Four Filters can enhance the probability of our investment success. I think they will help you in your search for intrinsic value and sensible investment. My book is available at www.frips.com

Here is a 10 min. audio book summary:
http://www.frips.com/4fsummary.mp3

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About

Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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