February 26, 2012 / 7:50 PM / 8 years ago

Darling Intl. worth a closer look: Barron's

Feb 26 (Reuters) - Animal-waste recycling company Darling International deserves a closer look from investors despite strong share gains in the past year, Barron’s said in its latest edition.

Fundamentals for the company — which recycles beef, pork and poultry waste into tallow, feed-grade fats and bone and poultry meal — have improved markedly since it in late 2010 unveiled plans to buy Griffin Industries, Barron’s said.

The acquisition was a main reason Darling’s sales and profits roughly tripled in each of the first three quarters of 2011, Barron’s said.

“But if the stock price is any measure — up only 43 percent from the announcement Nov. 9, 2010 — this has yet to completely seep into investor consciousness,” the weekly magazine said.

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