Hansen Natural (HANS): Goldman Sachs Says $52 On Its Own or $70 in Buyout

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Hansen Natural Corp. (HANS-NASDAQ) was added to the Americas Buy List at Goldman Sachs with a potential 30% return expected based on a $52.00 price target because of new discounted cash flow and revised P/E targets.  Interestingly enough, Goldman said that Hansen could have significant upside as a takeover candidate, and based on the Vitamin Water purchase it could even fetch $70.00 per share.  Another bonus is the focus of management can focus on growth rather than the Budweiser distribution problems and the options investigations now that those are completed.  Goldman also noted that new products and expanded geography will help the top-line.   Shares of HANS are trading up almost 4% pre-market above $41.00.  Its 52-week trading range is $24.75 to $52.72, and the market cap as of the close was roughly $3.6 Billion.

Jon C. Ogg
June 15, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.