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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Sam who wrote (2927)10/20/1999 12:03:00 PM
From: Harold V  Read Replies (1) of 3414
 
The "sell on the news crowd" is doing some immediate damage to PLMD's share price, but in my opinion is displaying an exercise in stupidity. They're selling shares in a company that's stable, that's identifying new and profitable markets, that is experiencing incredible growth, that has a consistent and impressive track record, that's web savvy, and could even be bought out. I'm wondering what the effect of the extra millions the company picked up from the recent share increase/dilution will have on the quarters to come. Has anyone researched this? Thankfully, that dilution is behind us even tho' some of the selling today may be from some who bought expansion shares. Today's quarterly earnings will, of course, also have an immediate effect on lowering PLMD's P/E ratio. Harold V
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