News Breaks
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| 21:22 EDT |  | JBT |
| theflyonthewall.com: | John Bean Technologies shares are "taking off", BusinessWeek reports | | John Bean Technologies (JBT) shares have jumped to $16.40 on Oct. 28, up from $5.85 last Nov. 20. A spin-off from FMC Technologies (FTI) in July 2008, John Bean is a little-known leader in food-processing equipment and airline ground-support services. The company "has a well-established global base of customers, which translates into a big recurring revenue stream," says Al Cardilli of research firm Spin-Off Advisors. Gary Farber of CL King & Associates, rates the stock accumulate and says John Bean's machines sterilize over 50% of the world's canned foods, freeze more than 50% of its frozen foods, and squeeze 75% of its citrus. He expects earnings of $1.03 in 2009 and $1.14 in 2010. Reference Link :theflyonthewall.com |
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