Clarcor

Clarcor hiked its expectation for the full year, to a range of $2.25 to $2.40 per share, ahead of analyst forecast on the high end.

Earnings and Guidance: Scotts Miracle-Gro, Clarcor 2011

Clarcor hiked its expectation for the full year, to a range of $2.25 to $2.40 per share, ahead of analyst forecast on the high end.

Earnings and Guidance: Scotts Miracle-Gro, Clarcor 2011

Now what: Perversely, this may turn out to be good news for investors with a bit more patience than Clarcor's shareholders showed today.

unknown title 2011

I like the fact that despite growing revenues and income, Clarcor was able to keep its selling and administration expenses at $49.4 million, down a little from the previous year's quarter.

unknown title 2011

As everyone else and his brother gained 2% in their portfolios today, Clarcor shareholders were forced to grin and bear a 3.5% loss.

unknown title 2011

Even if Clarcor manages to make its comeback and hit the tippet-top of its guidance, its shares will end the year costing 18.4 times earnings -- which to my Foolish eye, is too high for a 12% grower like Clarcor.

unknown title 2011

Clarcor NYSE: CLC , the maker of industrial filtration and packaging products, reported a 13% rise in third-quarter net income to $32.1 million.

unknown title 2011

For the short to medium term, Clarcor will face many challenges.

unknown title 2011

Thus, Clarcor can easily assume more debt to finance future expansions.

unknown title 2011

Clarcor's balance sheet showed a drop in long-term debt, from highs of $127 million back in the first quarter of 2008 to just $16 million in the current quarter.

unknown title 2011