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Biotech / Medical : Future Medical Device Companies
STXS 2.910-0.3%Oct 31 9:30 AM EST

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From: IRWIN JAMES FRANKEL11/7/2006 11:49:54 PM
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NURO -

neurometrix.com

Interesting product for doing nerve conduction studies in the GP's office (or internist). Razor/blade business model with cheap "razor" $5K and disposable "blades" for average procedure costing $150 (75% GM's).

YOY revenue growth 60%, no debt, profitable. Relative value with run-rate EV/EBITDA ~8.

Fear that there will be reimbursement problems has dropped the stock price sharply.

ij

I am long.
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