By  on March 10, 2010

The Bon-Ton Stores Inc. president and chief executive officer, Bud Bergren, said the company’s conservatism over the last year was paying off after the firm turned in an $80.3 million fourth-quarter profit versus a hefty year-ago loss.

Investors heartily approved of the profit, which translated into $4.34 a diluted share, and drove the stock up 9.2 percent to $12.71 Wednesday.

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