Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (2423)	5/13/1998 12:01:00 AM
From: Boob	Read Replies (1) of 25711

MSTI - have been doing a little digging tonight to see what this is all about...still looking for negatives but have not come across any yet...anyways here's a posting found on another board. <<MSTI made $0.09 diluted earnings in 1997 (0.16 undiluted), 0.03 of which came in the 4th Quarter alone. Revs growing at 16%, profitable for three quarters in a row, and I think will make $0.13 to $0.15 in 1998. At a conservative valuation, the shares according to Peter Lynch would be $2.24. You can have all you want at 1/2 the price. The company sells for less than 1x sales fully diluted (and much less depending on the number of shares you use). Going forward, $7.2mm of revs are locked up over the next several years. See westergaard.com:8080/Med/Profiles/index.htm for more information and background on this woefully undervalued situation. >> a BB stock earning money with growing revenue and earnings... <<For the fiscal year ended 12/31/97, revenues rose 16% to $10 million. Net income applicable to Common totalled $504 thousand vs. a loss of $1.1 million. Revenues reflect higher sterilization services to healthcare providers revenues.>> Earnings were .12 last year with revenue growth of 16%. Thus, a proper valuation of this company would mean that the stock should normally trade at least 16 x EPS = $1.92 (last year's earnings). However, earnings are expected to be even greater this year based on some new contracts and business which would value this stock well over $2. Hmmm, should be interesting tomorrow after we got a chance to DD this one. Should move very well too since float is barely over 1 million. Boob

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