01-10-2009, 03:48 AM
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| 1. Ingram Micro (IM)
Dec. 31, 2007 Closing Price: $18.04
Dec. 31, 2008 Closing Price: $13.39
1-Year Change: -25.8%
Although it seems strange to call a company that lost more than 25 percent of its stock value and asked employees to take a week off in December as the "big winner" for 2008, that's the position Ingram Micro finds itself in.
Its stock drop was the lowest among the big channel suppliers in 2008. Perhaps Wall Street was impressed with the Santa Ana, Calif.-based distributor's sheer size, or its geographic footprint.
Through three quarters, Ingram Micro reported $25.68 billion in sales, up from $25.04 billion for the same period last year. Its net income was $169.4 million, compared to $161.8 million through three quarters of 2007.
Ingram Micro did not provide fourth-quarter sales or earnings guidance (it historically has done so), but the company said softening demand due to global macroeconomic forces is expected to have a negative impact into 2009.
"Clearly the markets have remained soft everywhere," said CEO Greg Spierkel last November. "Economists talk about hopefully being back by the second half of next year. I'm not so sure on that."
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