steven.
in regard to your questions: the latex lawsuit issue has been hashed about this board a number of times in the past. as you're probably well aware, SFSK along with a boatload of other glove manufacturers, has been in named in a number of lawsuits which are now consolidated into one class-action. naturally, if the plaintiffs win big, we could bleed, especially if the award exceeds SFSK's level of coverage. yes, the good news is that SFSK has insurance.
regarding competition, the barriers to entry aren't insignificant. in addition, SFSK has never competed on price; customers have been well known to pay for their quality. of course, there are rumors that kaiser got a sweet deal and i can't predict that SFSK will stay atop the heap forever, but for now, they've got a distinct advantage.
we'll obviously know a lot more on wed.
hope this helps,
-chris.
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via the san diego union-tribune:
Five stars
DON BAUDER
07-Feb-1999 Sunday
Now that the stock of Safeskin, the maker of powder-free medical gloves, is trading at a big discount to the company's expected long-term earnings rate, Standard & Poor's has raised its rating from four stars (second highest) to five stars (highest).
"New products and manufacturing facilities should lead to strong cash flow and profit growth in 1999," says S&P's Outlook publication. |
