Misonix Inc. (MSON) Message Board

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Biotech / Medical : Misonix Inc. (MSON)

MSON 26.54

0.0%

Nov 22 4:00 PM EST

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To: cape radical who wrote (510)	10/31/1997 11:16:00 AM
From: Petemeister	of 947

In the end, profitability always determines the value of an equity. Short-term, many other factors move the price around. This quarter was by far the best September quarter MSON has ever posted from both a revenue and earnings standpoint. Remember that sales and net have been historically somewhat cyclical with the first quarter always being the worst. Sequential growth will not be flat. The thing I would be more worried about is the dilution to earnings from additional shares. Does anyone know more? Where are they coming from? How many to come? Company plans for the money? Solid growth at 20% or higher from this level of earnings means MSON is definitely undervalued but only if we don't end up spreading the new earnings over ten gazillion shares. One other thing. The tax rate looks a little low, about 25% of the net. Probably had some carry-forwards to apply yet last quarter. Future earning projections would probably have to take into account a slightly higher tax rate.

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