2012 Return: +140.7%*
Russell 3000 Rank: 43
Early in January, the company formerly known as Smart Balance changed its name to Boulder Brands (NASDAQ:BDBD) to reflect the location of its new corporate headquarters, as well as the fact that it represented multiple after several acquisitions.
After roughly 140% gains in 2012, Boulder has a lot to look forward to in the coming year.
I became familiar with the company back in August 2011 when it paid $66 million for Glutino Food Group, a Montreal-based manufacturer of premium-priced gluten-free foods — an emphasis that intrigued me. Every day, more Americans find themselves unable to digest wheat and other proteins commonly found in bread.
Estimates put the gluten-free market as large as $2.6 billion annually. And in 2013, BDBD expects revenues to grow by at least 22% to $440 million, with operating income jumping 30% to $70 million. Boulder’s best days lie ahead.
* Bespoke lists as SMBL for 2012 purposes