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Biotech / Medical : CNMD - Any Info Appreciated

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To: Rafael Kronzon who wrote ()7/18/1996 2:09:00 PM
From: Robert Horwitz   of 29
 
Conmed is a very stable company
that has historically grown by acquisitions. A recent acquisition of
an ECG patch comapny called NMD, which was purchased for $32 mil
didnot not meet revenue expectations. The market punished the stock to
the tune of a reduction in market value of $ 150 mil. It seems to be
an overreaction on the part of investors. I think it is a cheap stock
that should return its historic growth of 20% plus on the bottom line
in the next fiscal year. Analyst estimates are $ 1.10 this year, $1.40
next, a cheap stock.
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