Paul, congratulations on working for what I perceive to be a quality
company. I have been a stockholder for 6 or 7 years, and plan to
remain one for many more years to come. MDT is a keeper.
The price will always be volatile, so buy on dips or major corrections
such as we have witnessed the past month.
The analysts have been projecting earnings of between 2.23 and 2.27
for fiscal year ending on 4-30, and the company has stated it's
comfortable with those numbers, although there may be a 2 to 3 cent
correction because of the strong dollar. Company gets 45% of it's
revenue overseas.
Analyst recommendations currently show: 8 strong buy, 13 buy, and
8 hold. Several have target prices of 75 this year.
I am still puzzled about the brief drop to 58 3/8 last wednesday,
but it recovered too quickly for me to buy.
PS: I don't think you have to worry about participating on this
thread; if you are one of 10,000 employees, and not a corporate
officer, it is not considered "insider information". I look forward
to your comments.
Jorgen |
