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5 Top Russell 3000 Stocks to Buy in 2013

These triple-digit winners from 2012 could do it again

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Bon-Ton Stores

BonTon185 5 Top Russell 3000 Stocks to Buy in 20132012 Return: +260.8%
Russell 3000 Rank: 12

Another back-from-the-dead department store, Bon-Ton Stores‘ (NASDAQ:BONT), more than tripled in 2012. It now sits comfortably above $10 — something it hasn’t done since early 2007.

Bon-Ton is made up of eight nameplates, including its namesake with 64 stores. Its goal is to hit $3 billion in revenues with an EBITDA margin of 10%. At 2.2% for the 39 weeks ended Oct. 27, it’s a long way off from a profitability standpoint, but it’s making positive strides.

When Bon-Ton hired Brendan Hoffman as CEO last January, the retail veteran’s previous experience included a stint running Neiman Marcus Direct, the 39th-biggest retailer in the U.S. in terms of Internet revenue. One of the company’s goals, not coincidentally, is to generate 10% of its overall revenue online. That’s great to hear, because that’s where the profits are — not to mention successful e-commerce usually translates into a better customer experience.

Most importantly, its December same-store sales increased 2.4% — its best performance since December 2005.

Bon-Ton is going to surprise for a second year in a row.


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/5-top-russell-3000-stocks-to-buy-in-2013/.

©2014 InvestorPlace Media, LLC

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