American International Pasta
American International Pasta (AIPC) appears in Wednesday's Nasdaq Stocks in the News. The company makes pasta products that it sells under a number of brands, including Mueller's. It also sells pasta to Wal-Mart, which the retailer sells under its own Great Value brand. It's due to report its next quarterly earnings on Tuesday, May 12.
- American Italian is a small cap that trades about 431,000 shares per day.
- Earnings and sales growth have been outstanding recently. The company has benefited from a slow economy, in which more people are eating at home, as well as seeking cheaper meals like pasta.
- Wall Street expects triple-digit profit growth in 2009, but just 8% in 2010.
- American Italian's Accumulation/Distribution Rating is C+, showing about a neutral level of buying vs. selling over the past 13 weeks.
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