Medtronic (MDT) Message Board

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Biotech / Medical : Medtronic (MDT)

MDT 100.76

+1.1%

3:59 PM EST

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To: Flan who wrote (69)	5/22/1997 11:04:00 PM
From: Peter	of 687

I doubt it will pop....met expectations...but growth is slowing dramatically. Look at PE, look at price of stock, look at sequential earnings...after 3rd quarter they were up 25% plus now 22%.....pthen look at sales growth....slowing, up ony 7%?. I don't see how market can justify this big PE until growth picks up again. A premium for a good company...maybe a 25 PE...not where it is...my bet is flat to down.

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