Things look better now. My Mom still holds this on my recommendation and is showing some profit with it. Since earnings, CDIC's run has been bolstered by this:
>>CardioDynamics Int'l(CDIC-NASDAQ)
by B. Riley & Co. (3.51, Aug. 12)
Buy. CardioDynamics International is a medical-device company that develops, manufactures and commercializes non-invasive heart-monitoring devices using ICG (impedance cardiography), a proprietary and patented technology. Given the sizeable market potential and the insignificant direct competition, we believe CDIC's revenue will ramp up approximately 30% year over year to $31MM in fiscal 2003 and to $40MM in fiscal 2004. In our opinion, CDIC's capital-equipment segment will continue to be the major revenue contributor, as we expect it to generate approximately 81% of revenues in FY2003. Furthermore, we believe the sensors business (the source of recurring revenue) will experience rapid growth, forecasted to rise approximately 71% year-over-year [Y/Y]...So far, the company has strategic alliances with GEMS, Philips (jointly developing a unit incorporating both EKG and ICG), and SunTech...We feel that the growth drivers for the business are: the favorable demographics (aging baby boomers), the non-invasive nature of the ICG procedure combined with its cost-and time-effective benefits, and the procedure's usefulness in diagnosing other medical conditions. We see the market acceptance of ICG technology in a complementing role to EKG and the cardiac output becoming a standard of care (the "sixth vital sign") as real possibilities. <<
Never heard of B. Riley before. It would be interesting to know if they were in any way compensated for this coverage, but it would appear not.
brileyco.com
Cheers, Tuck |
