Gerber Scientific (GRB): a spot of economic color
4Q 2008 net income increased 9% to $6.1 million or $0.26 per share on revenues of $173.7 million. FY 2008 net income increased to $14.5 million or $0.61 per share on revenues of $640 million. These numbers were high enough for investors to bid up the stock 5% to close at just under $12. The stock's 52 week high is $12.64. Gerber Scientific CEO Marc Giles believes that FY 2009 numbers will be even better. The company is looking for big growth in its Spandex distribution business, particularly in Asian markets. Also, Giles expects many businesses to take advantage of additional outdoor advertising possibilities with the new Solara ion printer system.










