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Biotech / Medical : Biomet BMET on Nasdaq

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To: mact who wrote (57)3/22/2002 10:08:51 AM
From: mact   of 62
 
bought in this morning...this is a quality company...good grwoth...nice oppurtunity to get in this am.

Biomet (BMET: news, chart, profile) reported a third-quarter profit of $61.7 million, or 23 cents a share, beating the year-ago per share profit of 21 cents a share. On average, analysts expected a profit of about 24 cents a share. Sales rose to $304.6 million, compared with $267 million. The increase in sales was attributed to strong growth in its reconstructive, spinal and other product lines. J.P. Morgan H&Q cut its rating to 'long-term buy.'
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