Insiders Are Crazy About Boulder Brands

Several insiders at Boulder Brands (BDBD), a food company that owns the Smart Balance brand and also provides a number of other food products conforming to dairy-free, gluten-free and vegan diets, have bought shares in the last couple weeks, with the most recent purchases generally coming between $8.70 and $8.90 per share.

For the full year of 2012, revenue was up 35% from its levels in 2011, though some of this growth was the result of acquisitions. Boulder paid about $70 million for Glutino Food Group in August 2011 and about $130 million for Udi's Healthy Foods in July 2012. This compares to the current market capitalization of about $540 million (with an average of more than 800,000 shares traded per day, providing plenty of volume). The company has been investing heavily in the attractive diet compliant food industry and appears to have changed its name to reflect that shift in emphasis. The acquisitions have also meant higher costs, including SGA expenses. Operating income was down slightly as a result, and up only 9% if we completely ignore merger-related costs. In addition, the company's interest expenses increased as it took out debt to fund the acquisitions, with the result being a significant decrease in earnings even if we adjust for the merger items....360 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.