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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Sam who wrote (2932)10/29/1999 2:05:00 PM
From: Caxton Rhodes  Read Replies (2) of 3414
 
Hola- Picked up a little today. Based on the following:

PLMD is pricipally focused, through its liberty medical subsidiary, on providing diabetic supplies directly to medicare eligible patients (at home). The co. currently has 220,000 patients which represents less than 4% of the market.

The number of customers has expanded significantly over the past several years, due in large part to a $10 million/yr ad campaign. the co. has recently enlisted Wilfred Brimley (Cocoon, Quaker Oats) to market their services through tv ads. Medicare coverage was expanded in the past year to type ii diabetics, significantly expanding the co.'s market.

Estimates are 1.18 and 1.45 for 3/00 and 3/01, respectively. There is significant upside to the
3/01 estimate should the co. successfully penetrate a large retail drug chain account--the co. would provide diabetic supplies and handle all medicare reimbursement paperwork on behalf of the drug chain's customers, providing an outsourced solution.

Caxton
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