Index of top state firms hits 200 mark

  • Article by: PATRICK KENNEDY , Star Tribune
  • Updated: August 17, 2012 - 8:52 PM

The Bloomberg Star Tribune 100 closed over the 200-point mark Friday for the first time since April 5.

The index of Minnesota's largest publicly held companies reached 200.58 as 69 members gained, helping the index to an 8 percent gain for the year.

Stratasys, a maker of rapid prototyping devices, is up 125 percent for the year. In April the company made the biggest merger announcement in its history and expects to close on its deal with Israel's Objet Ltd. by the end of the third quarter.

Arctic Cat is up 93 percent for the year and the snowmobile and ATV maker is trading near historic highs.

A takeover announcement for FSI International boosted the company's stock 52 percent on Monday, and it's now up 69 percent for the year.

Meanwhile, struggling supermarket giant Supervalu is the biggest loser of the year. Earlier this month Supervalu fired its CEO and named board member Wayne Sales the interim CEO as the supermarket giant seeks "strategic alternatives."

WINNERS

Company YTD % chg.

Stratasys Inc. 125.4%

Arctic Cat Inc. 93.2

FSI Intl. Inc. 69.1

HMN Financial Inc. 44.6

G&K Services Inc. 38.9

Polaris Industries Inc. 37.5

LOSERS

Company YTD % chg.

Supervalu Inc. -71.2%

Dolan Co. -51.1

Multiband Corp. -43.7

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