Medtronic (MDT) Message Board

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Biotech / Medical : Medtronic (MDT)

MDT 101.20

+1.8%

3:59 PM EST

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To: Dennis who wrote (344)	10/19/1998 9:16:00 PM
From: William L. Oppenheim	Read Replies (1) of 687

It is about midrange for the year. So it depends on when you bought it as to what you think about it. There is a lot of competition for what it does, and its PE is rather high, but it is a good quality company which simply requires patience to get over the volatility aspect. I don't own any at present, but still follow it hoping it will fall with the market to truly bargain undervalued rates. I like the PEG idea though it has no basis in anything--just that the number which represents the growth in earnings be larger than the number that represents the P/E ratio. Is it growing at 60% per year. Don't think so, and neither do a lot of others. When the number gets down to 30 (either the earnings increase, or the price drops), I'll be looking again. Especially in an uncertain general market. I may have missed the train, but there a bunch of them out there that have better valuation ratios. Just my 2 cents. I fully understand that the greying of the population makes for a larger pacemaker market, but I'm not sure increase is 60% per year, and there are other pacemakers out there at any rate .

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