SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PAR who wrote (2532)3/16/1999 10:48:00 PM
From: Abuckatatime  Read Replies (2) of 3414
 
Betting against the crowd. <Look at the friggen stock price!> No, no, do I have to...please no! AAAAAAAAAAAAAAAAAHHHHHHHHHHH!!!!!!!!!!!!!

I too have seen it before. Stock takes a severe hit on no news. Management's mum. Later the reason for the dive is revealed. Investors commence headbanging for failing to bail early. Is that the case here?

Well, there's no denying that the stock has crashed or is still in the process of crashing. That's fact. What is uncertain is whether the decline in price indicates or portends a fundamental deterioration in the business. The company contends that business is good, that the customer base continues to grow at 10,000+ per quarter, that it will meet revenue and earnings projections made earlier this fiscal year, and that we'll see an expanded product line as well as online commerce and communication capabilities within this calendar year. Management's credibility, as well as that of the analysts who follow the company, is on the line. Oppenheimer recently reiterated their buy rating after visiting Liberty and maintained their 12 mo. price target of $16. Could they have overlooked some important change in one or more risk factors? Yes. Likely? Well... Obviously sellers don't by the story and analyses or are simply tired of the stock's chronic underperformance. I fully understand the latter, been there, am there. Even among its small cap peers this stock has been a loser. Enough said.

Show me something other than the stock price that says the company's in trouble. Until then I maintain that PLMD is a bargain and assume that eventually(!) price will follow value. That's this contrarians opinion at the moment. Subject to change without notice.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News