Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer, manufacturer and marketer of material handling products, announced today that President and Chief Executive Officer Timothy T. Tevens and Vice President - Finance and Chief Financial Officer Gregory P. Rustowicz will present at two conferences in August 2012. Credit Suisse’s 2012 Industrial Conference will be held at its headquarters at Eleven Madison Avenue in New York City on August 7-8, 2012. Columbus McKinnon’s presentation is scheduled to begin at 2:10 p.m. ET on Tuesday, August 7. The presentation slides will be available on the Company’s web site at http://www.cmworks.com on August 7, 2012 and archived there for 90 days following completion of the presentation. The CJS Securities, Inc. 12 th Annual “New Ideas” Summer Conference will be held on Tuesday, August 14, 2012 at the Metropolis Country Club in White Plains, NY. Columbus McKinnon will be presenting from 1:40 p.m. to 2:15 p.m. ET. The presentation slides will also be available on the Company’s web site at http://www.cmworks.com on August 14, 2012 and archived there for 90 days following completion of the presentation. About Columbus McKinnon Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of material handling products, systems and services, which efficiently and ergonomically move, lift, position and secure materials. Key products include hoists, cranes, actuators and rigging tools. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available on its website at http://www.cmworks.com.
Shareholders of Columbus McKinnon Corp. looking to boost their income beyond the stock's 0.6% annualized dividend yield can sell the September covered call at the $30 strike and collect the premium based on the $1.20 bid, which annualizes to an additional 7.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 8% annualized rate in the scenario where the stock is not called away.
Shares of Columbus McKinnon Corporation (Nasdaq:CMCO) were gapping up Thursday morning with an open price 13.5% higher than Wednesday's closing price. The stock closed at $13.88 yesterday and opened today's trading at $15.75.