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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)

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To: Sam who wrote (1935)10/4/1998 9:50:00 PM
From: Arthur Radley  Read Replies (1) of 3414
 
I am getting a little concerned with the consumer confidence issue. The front page cover story here in the Houston Chronicle today was:
"Houston begins to feel pinch of economic slowdown" Weak oil prices are causing jitters throughout business community. You can buy gasoline here for well under .90cents a gallon. One car dealer was quoted as saying that his sales were down 30-40% from last year.

This still leaves PM in a position of providing a service that clients need, regardless of the economy. While I was away last week(just got back last night) you fellows did a wonderful job on Thursday. That spike in volume was a very positive indicator. The countdown to earnings is moving in the right direction.
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