QDEL - Quidel more quick diagnosis 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 : QDEL - Quidel more quick diagnosis

QDEL 21.12

-4.8%

12:16 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David B. who wrote (1297)	12/30/1997 4:46:00 PM
From: Robert Busse	Read Replies (1) of 1693

The third quarter is traditionally Qdel's strongest w/ a large % of sales coming from strep A tests - They usually take about 3 1/2 weeks after the end of the quarter to report, so I look for earnings to be announced during the week of 1-19-98. Two years ago, they made a "pre-announcement" when it was clear that earnings would be lower than expected - the stock was selling at around $7/sh back then and it dropped to around $5 when the announcement was made - If we make it past the first week in January without such announcement, I will be happy. Frankly, I don't expect any such announcement this quarter, since Qdel advertised heavily in the San Diego paper in early 9-97 for many (30+ as I recall) manufacturing employees- based on this info, I feel fairly certain that they certainly anticipated a strong 3rd quarter. For all you old timers out there, you know this isn't the first time this stock has been beaten up for no apparent reason- I hope it is the last time though. I think year end tax selling and general weakness in this sector has hurt - look at Salv, Cmtr, and triby (especially) - I wouldn't trade my Qdel investment for any of these other companies - I look for a strong 3rd quarter , maybe even in the range of $0.10 /sh - If my math is accurate, that would be about $2.4 million in profit for the qtr. I think that is doable w/ a 25% increase in revenue over 3rd qtr of FY 97 ($12.4 million x 1.25 = $15.5 million). Perhaps I'm being too optimistic but I think that this company will produce some good numbers this time around - time will tell. PS - the warrants are a steal at 13/16ths!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next