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Biotech / Medical : SAFESKIN

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To: Madpinto who wrote (177)2/4/1998 12:04:00 PM
From: Beltropolis Boy  Read Replies (2) of 828
 
yo, i'm right here. this one's looking better and better everyday: market growth potential in several directions, great capitalization and internal capital resources, focused in a narrowly defined field that the company is expert in, cheap labor, product backed by force of law and a healthy dose of fear, huge international market potential, stellar marketers, 31% ROE, and no long-term debt!

and if you're a canslim devoutee, it fits it to a t.

need we say more? perhaps not. let's keep this morsel all to ourselves.

i browsed the aohell board's on my old man's account and found this post:

10/14/97 - Investor's Business Daily

Powder-free gloves are now the fastest-growing segment of the exam-glove market. Analysts say the gloves could command 60% of the exam-glove sales by 2000, up from about 30% today.

Safeskin controls more than half of the $160 million powder-free market. Its closest rival is Allegiance Corp., with a 14% chunk.

The company sells powdered gloves too, but powder-free products make up 70% of annual revenue. Sold in boxes of 100 pair at eight cents a pair, powder-free gloves also have higher profit margins than powdered gloves, which sell for just four cents a pair.

"We typically sell at a premium to competitors, but because of high quality, our products are in high demand."

"We're still selling powdered gloves, because everyone hasn't converted yet."

"Gloves can be made 40% cheaper in Thailand than in Malaysia."
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