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Biotech / Medical : Medtronic (MDT)
MDT 99.32-0.5%12:03 PM EST

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To: Flan who wrote (73)5/26/1997 12:10:00 AM
From: macaluso   of 687
 
Actually people are paying 27x next year earning,
projected earning for next year are $2.70. This market
likes quality companies and everyone is willing to pay a
premium for them. Being the great company that MDT is
that is always room for surprise, thursdays earning gave
people assurance that the company is still growing at a
healthy pace. There is great value in the small cap
stocks but wall street still feels that they have to
prove themselvesÿwith consistent earning growth, until
that happens the big cap stocks will be the focus of
wall street. MDT is the leader in their field and has an
outstanding management team, it has 12 years of
consecutive increases in revenues and earnings, and its
an innovator in their product field. I have no idea were
the price of the stock should be these days, but when
you see a company with this kind of record there is only
one thing to do. Buy more.
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