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Biotech / Medical : Medeva PLC
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To: RWReeves who wrote (7)3/2/1999 8:11:00 PM
From: EddieMacG   of 9
 
MDV, 7 1/2 + 3/4 or 11% at close, looking better after an apparent false start early in the year. I note that e.p.s. are estimated at about 65c this year by 3 firms following Medeva and a p/e ratio of about 11 1/2 looks reasonable, if not cheap to me. Also note that this move is after MDV went x-div of about 27c, paid to us sometime in June, I believe. I wonder if MDV could be considered a legitimate/possible takeover candidate at these p/e levels?
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