It always makes me happy to see that pen manufacturers are doing well. The last thing I want is for them to be able to use poor sales as an excuse to stop or even cut back on the number of pens they’re going to manufacture. AT Cross is actually making some very nice pens at affordable prices and they just happen to be leading the Office Services & Supplies industry with the highest gross margin of 53.6%. Anyone else wanna join me and raise a glass to that?
Published on Tue, 01/03/2012 – 11:09
By Mallory Stone
Below are the three companies in the Office Services & Supplies industry with the highest gross margins. Gross margin represents the amount of revenue retained after deducting direct costs associated with producing the goods or services which led to that revenue. The higher the gross margin as a percentage of revenue, the better.
AT Cross (NASDAQ:ATX) is highest with a gross margin of 53.6%. A. T. Cross Company manufactures and sells writing instruments. The Company’s products consist of ball point and fountain pens, Selectip rolling ball pens, mechanical pencils, desk sets, ball-point refills, and pen-based computing products. The Company also designs and distributes timepieces, business accessories, and Costa Del Mar sunglasses.In the past 52 weeks, AT Cross share prices have been bracketed by a low of $8.50 and a high of $16.20 and are now at $11.58, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.3%.
AT Cross (NASDAQ:ATX) is highest with a gross margin of 53.6%. A. T. Cross Company manufactures and sells writing instruments. The Company’s products consist of ball point and fountain pens, Selectip rolling ball pens, mechanical pencils, desk sets, ball-point refills, and pen-based computing products. The Company also designs and distributes timepieces, business accessories, and Costa Del Mar sunglasses.In the past 52 weeks, AT Cross share prices have been bracketed by a low of $8.50 and a high of $16.20 and are now at $11.58, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.3%.
Following is Mine Safety Appliances (NYSE:MSA) with a gross margin of 41.0%.
Finishing up the top three is HNI (NYSE:HNI), with a gross margin of 35.6%.
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Yes I'll raise a glass to that! Hopefully there's something interesting in the glass?
How's this?
<img src="http://i.imgur.com/Qghlv.jpg" alt="a drink" />
Interesting – I have to admit to knowing next to nothing about Cross pens! I'll have to remedy that
Just checked their website and the fountain pen only comes in black & is $100.
Did you check the right website? Try this one.
So, this means that Cross products are amongst the worst in terms of value for money?