AMHERST, N.Y., Feb. 11, 2014 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer, manufacturer and marketer of material handling products, is excited to announce the addition of two industry-leading hoists to its In-Stock Guarantee offering – the CM Bandit ratchet lever hoist and 30 CM Man Guard electric chain hoists.
"In today's fast-paced business world, time means money and customers expect products to ship quickly," said Tim Lewis, Product Manager Rigging Products & Manual Hoists. "Our In-Stock Guarantee has been a tremendous success and has been very well received by our Channel Partners and end users. It positions us to not only meet customers' needs for the rigging products they use most, but now also the hoists they rely on every day." Columbus McKinnon's In-Stock Guarantee now includes more than 275 hoists and rigging products guaranteed to be in stock and ready to ship in three days or less. In recognition of the anniversary of the In-Stock Guarantee, Columbus McKinnon is offering preferential pricing on hoists and rigging products in the months of February and March. For more information on the promotion, contact CMCO or a local CMCO distributor. Since its October 2013 introduction, the CM Bandit has quickly become a customer favorite and is the company's lightest and most compact ratchet lever hoist ever. The CM Man Guard is well established in the material handling industry, known for its reliable performance and superior safety features. Columbus McKinnon's In-Stock Guarantee is an industry-changing way of doing business. It is designed to provide channel partners and distributors with best-in-class service and delivery of the hoists and rigging products that they use every day. It also ensures product availability and reduces their on-hand inventory. To learn more about our In-Stock Guarantee, the CM Bandit or the CM Man Guard, visit our website or contact CMCO customer service at 1-800-888-0985. About Columbus McKinnonColumbus 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 Multimedia Assets associated with this release: Photo: http://photos.prnewswire.com/prnh/20140211/NY63294 SOURCE Columbus McKinnon Corporation
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.