Medtronic (MDT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Medtronic (MDT)

MDT 90.42

+0.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike who wrote (603)	2/13/2003 7:17:28 AM
From: Mike	Read Replies (2) of 687

Dennis, MDT continues to grow into the PE the market has set the stock price. We have been for over two years building to this level. The stock price is actually down from a high of $60 1/2 in Dec 2000. The pe at that time was over 60. Now the pe is in the range of 30-35 depending on whether writeoffs are used. My point here is as we discussed a couple of months ago. Stocks move to "usually" valuations based on prior history of earnings growth. This year MDT will earn $1.21 and next year $1.41. MDT has been a solid performer at delivering earnings that are projected. For this consistency shareholders at times "boost" the for this past performance. I think MDT is "fairly" valued currently and will appreciate with the earnings. That means we may have stock appreciation of 25-30%. I can handle that growth. Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next