Tractor Supply [NDQ:TSCO] July 1, 2008 : $28.50 (9:45 AM price)
52-week range: $28.01 [Jan. 22, 2008] – $53.55 [Aug. 8, 2007]
Recreational farming and ranching has been booming in suburban and rural areas of America. Tractor supply serves this market with livestock and pet products, hardware, tools, snow blowers, mowers and other products. Following the acquisition of a competitor in 2002, sales and earning grew dramatically. 2007 saw all-time records in every category yet today’s poor economy has caused TSCO shares to plummet by 57.8% from a March 2006 high of $67.60 to just $28.50 currently.