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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (7324)4/22/1998 9:24:00 PM
From: Andrew Williams  Read Replies (1) of 14162
 
XRAY is an interesting company that I use to work for from 1992 to 1995. XRAY was originally GENDEX and "merged" with Dentsply in 1994. I am surprised and glad to see the company has done well over the past year or so. After going through a period where product development and acquisitions were stagnant it appears that the pipeline is doing well which has led to a good run over the last 18 months.

My observations from 1995 were that XRAY had strong sales and marketing capabilities, but relatively weak operations management at some divisions. Acquisitions during that time often clouded actual performance at continuing operations.

Since XRAY is a manufacturer who distributes through large distributors like Patterson Dental and Henry Schein it might help to watch those companies also as an indicator of future Dentsply performance.

Given the recent stock run, the call premies are starting to look attractive.
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