STOCK OF THE WEEK: OIL DRI

Oil-Dri (ODC) located in Chicago, develops, manufactures and markets sorbent products for use in a variety of applications. They(ODC) are the country’s largest manufacturer of kitty litter, which accounts for the majority of their revenue. They also operate four other divisions as well as owning a group of mines where they get the minerals used in their products:

Consumer Products consists primarily of cat litter and dog treats. They are the maker behind Jonny Cat and Cat’s Pride labels.
Specialty Products consists primarily of bleaching, filtration and clarification clays.
Crop Production and Horticultural Products include carriers for crop protection chemicals and fertilizers, drying agents, soil conditioners, sports field products, pellet binders for animal feeds.
Industrial and Automotive Products consists of oil, grease, clay & non-clay water sorbents.

On December 6, 2005, Oil-Dri reported a regular quarterly cash dividend of $0.12 per share of the Company's Common Stock. The dividend will be payable on March 17th to stockholders.

Then on February 22nd Oil-Dri announced record second quarter sales of $53mm for the three month period ending January 31st . Sales were 9% greater than sales of $49mm in the same quarter one year ago. Net income for the quarter was $1.8mm or $0.32 per share, compared with net income of $2mm or $0.36 per share in the second quarter one year ago.

Dan Jaffee, President and CEO stated, "We are quite pleased with our second quarter results as they reflect an improving trend in our overall business. Quarterly results demonstrate the company's progress in rebuilding our profit margins after the unprecedented increase in energy and other costs following hurricanes Katrina and Rita”.

Their business seems to be strong and showing growth in both existing and new accounts with margins improving over the previous quarter. Jaffee also reported that the company had been able to raise prices to help offset some of the energy cost increases, which have now leveled off but are nearly double since last year. Additional price increases are scheduled in the second half of the year.

Oil-Dri seems to be another casualty of hurricanes Katrina and Rita but is now on the rebound. They closed Tuesday, March 14th at a NEW 52 week high of $19.21. That is $.10 higher than their recent high 5 days ago, 3/10/06, @ $19.11. Their stock has been as low as $16.40 on 6/3/05.

Are you ready to make your portfolio purr? Oil-Dri may be one to absorb.

STOCK OF THE WEEK: OIL DRI

Oil-Dri (ODC) located in Chicago, develops, manufactures and markets sorbent products for use in a variety of applications. They(ODC) are the country’s largest manufacturer of kitty litter, which accounts for the majority of their revenue. They also operate four other divisions as well as owning a group of mines where they get the minerals used in their products:

Consumer Products consists primarily of cat litter and dog treats. They are the maker behind Jonny Cat and Cat’s Pride labels.
Specialty Products consists primarily of bleaching, filtration and clarification clays.
Crop Production and Horticultural Products include carriers for crop protection chemicals and fertilizers, drying agents, soil conditioners, sports field products, pellet binders for animal feeds.
Industrial and Automotive Products consists of oil, grease, clay & non-clay water sorbents.

On December 6, 2005, Oil-Dri reported a regular quarterly cash dividend of $0.12 per share of the Company's Common Stock. The dividend will be payable on March 17th to stockholders.

Then on February 22nd Oil-Dri announced record second quarter sales of $53mm for the three month period ending January 31st . Sales were 9% greater than sales of $49mm in the same quarter one year ago. Net income for the quarter was $1.8mm or $0.32 per share, compared with net income of $2mm or $0.36 per share in the second quarter one year ago.

Dan Jaffee, President and CEO stated, "We are quite pleased with our second quarter results as they reflect an improving trend in our overall business. Quarterly results demonstrate the company's progress in rebuilding our profit margins after the unprecedented increase in energy and other costs following hurricanes Katrina and Rita”.

Their business seems to be strong and showing growth in both existing and new accounts with margins improving over the previous quarter. Jaffee also reported that the company had been able to raise prices to help offset some of the energy cost increases, which have now leveled off but are nearly double since last year. Additional price increases are scheduled in the second half of the year.

Oil-Dri seems to be another casualty of hurricanes Katrina and Rita but is now on the rebound. They closed Tuesday, March 14th at a NEW 52 week high of $19.21. That is $.10 higher than their recent high 5 days ago, 3/10/06, @ $19.11. Their stock has been as low as $16.40 on 6/3/05.

Are you ready to make your portfolio purr? Oil-Dri may be one to absorb.

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