Thanks Andrew for the news piece on XRAY. I did not come across that one. Here is another update on the latest company that will add to the bottom line. Taking that $1.60 EPS x 25 avg. P/E = $40.00 fair value stock price. They may do even better! Of course, that does not include the dividend XRAY pays. This is a solid easy going CCing stock! I'm getting tired of the rock n rock pure technology stocks.
A couple of CC attempts/opportunities could yield another 20% to 35% (50% margined) annually on top of the capital apprecation for XRAY.
DENTSPLY Completes Acquisition of a Majority Interest
in GAC International Inc.
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YORK, PA. (April 23) BUSINESS WIRE -April 23, 1998--DENTSPLY
International Inc. (Nasdaq:XRAY) Thursday announced that it completed the previously announced acquisition of a majority interest in GAC International Inc.
GAC, headquartered in Islip, N.Y., is an internationally recognized
orthodontic company selling a full line of high quality orthodontic
appliances to orthodontists throughout the world.
DENTSPLY designs, develops, manufactures and markets a broad range of products for the dental market.
The company believes that it is the world's leading manufacturer and distributor of dental prosthetics, endodontic instruments and materials, impression materials, prophylaxis paste, dental sealants, ultrasonic scalers, and crown and bridge materials; the leading United States manufacturer and distributor of dental x-ray equipment, dental handpieces, intraoral cameras, dental operatory software systems, dental x-ray film holders, film mounts and bone substitute/grafting materials; and a leading United States distributor of dental cutting instruments.
The company distributes its dental products in over 100 countries
under some of the most well-established brand names in the industry.
DENTSPLY is committed to the development of innovative, high quality, cost-effective new products for the dental market.
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