News & Our Thinking

Argent in the News

Panera, LMI push stocks higher in first quarter

24 April 2017

(St. Louis Business Journal) 

April 21, 2017 (Greg Edwards)

“The Argent St. Louis index increased 3.3 percent in the first quarter but trailed the broader market indices. LMI Aerospace was the top performer, as it agreed to be acquired by Belgium-based Sonaca Group for a 50 percent premium. Other top performers included Olin, Panera Bread Co., Centene and Energizer, as all four firms beat Wall Street estimates for their quarterly results. Of the companies that trailed the index in the quarter, Build-A-Bear Workshop and Caleres were challenged by a weak retail environment and Arch Coal was pressured by slightly lower than expected coal prices.”

— Christopher Struttmann, research analyst, Argent Capital Management