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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (34308)4/29/2009 1:17:36 PM
From: Paul Senior  Read Replies (1) of 78746
 
BDX. Oops, missed low of the day. Agree with you that it is a decent buy at current prices though, and I am in for shares now, intending to add more if/as stock continues to fall.

Re: "...it should deserve a better multiple". Stock low p/e in any of the past ten years was not below 14 according to S&P. Although it's 13 now (ttm). And with rising earnings yearly. I'm betting p/e will revert, or if not, that p/e holds and continued earnings improvement means stock will rise.

And it is possible and likely (I hope) that earnings will be up again this year: BDX followers have seen this article or similar wherein management "sees full-year earnings up 9-11 pct excluding items":

reuters.com
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