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Biotech / Medical : QDEL - Quidel more quick diagnosis
QDEL 21.27+0.9%Nov 18 3:59 PM EST
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To: Michael Collins who wrote (954)7/16/1997 5:57:00 PM
From: Ambrym Man   of 1693
 
In the annual report (just out), management is saying 20 to
25%, they are probably understating. Other posters on this thread
have quoted analysts at 40%. I am working on the assumption that a
PE of 30 is more appropriate for this stock. The concern I have is
that I don't know if that .32 was arrived at before or after the
recent settlement with BD. As for why the stock is at 3 1/2, my
guess is that because of the 2 mil QDEL had to pay within 10 days
of the settlement, there may be a one time charge of 2mil in the
last quarters results. It may be causing knowledgable people to
hold back until after the results. I don't know, I am only guessing
and still holding the stock. If .32 is correct and my 30 is close,
this is a $9 stock in a couple of years time. May be quicker.
This h-pylori thing is snowballing. Somebody a couple of months back
posted a list of potential diseases the bacteria is probably responsible for. One of them popped up in yesterdays WSJ as a likely
cause of heart attacks. I don't think anybody has factored in the full potential of h-pylori test kit sales. I don't intend getting out of this stock until at least the next century so I don't care how long it
sits at 3 1/2, just gives me more opportunity to buy more. The
management all look young so I think they are taking the long view
also. Witness the poison pill provision. These are just my opinions.
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