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

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To: Bryce Elkins who wrote (2617)5/12/1999 9:30:00 AM
From: Abuckatatime   of 3414
 
Bryce,

Record quarter, beating estimates. Cash flow positive for the year. Q4 gross and net margins improved over Q3 - 54.7% vs. 51.4 and 12.8 vs. 11.9. DSO about the same, good considering that this was quarter impacted by Medicare deductible.

Looking forward to hearing more about the new FL facility and about the expansion into "other related direct-to-consumer categories." As we've maintained all along, the multiple, 11 based on current FY2000 estimates, is a tad too low! Could a move back to double digits be in the cards today? Hope so.

Greg
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