To: Cisco who wrote (631 ) 12/10/1997 11:10:00 PM From: Cisco Read Replies (4) | Respond to of 1894
To all, After watching the stock price of ACMI get bashed for no justifiable reason, perhaps it is time to reflect upon the situation if for no other reason than to maintain ones sanity. Lets consider similar companies in the field and after comparisons draw some conclusions for AccuMed.CYTYC Corp (CYTC) Sales for trailing twelve months $1.8M Market Cap $446,891,813 Price/Sales Ratio $22.27 EPS -1.46 (Market Cap)/Sales Ratio $24.42 Zacks' Wall Street Buy Recommendation 1.3Neopath Inc (NPTH) Sales for trailing twelve months $9.14M Market Cap $208,495,500 Price/Sales Ratio $24.54 EPS -1.69 (Market Cap)/Sales Ratio $22.81 Zacks' Wall Street Buy Recommendation 3.0Neuromedical Systems Inc (NSIX) Sales for trailing twelve months $8.14M Market Cap $100,769,500 Price/Sales Ratio $13.81 EPS -1.25 (Market Cap)/Sales Ratio $12.32 Zacks' Wall Street Buy Recommendation Not RatedMatritech Inc (NMPS) Sales for trailing twelve months $1.7M Market Cap $90,392,250 Price/Sales Ratio $48.97 EPS -0.39 (Market Cap)/Sales Ratio $53.17 Zacks' Wall Street Buy Recommendation 1.6Chromovision Med Sys Inc (CVSN) Sales for trailing twelve months NONE Market Cap $160,753,125 Price/Sales Ratio NA EPS NA (Market Cap)/Sales Ratio NA Zacks' Wall Street Buy Recommendation Not RatedAccuMed International Inc (ACMI) Sales for trailing twelve months $13.2 Market Cap $33,223,125 Price/Sales Ratio $2.65 EPS -0.68 (Market Cap)/Sales Ratio $2.52 Zacks' Wall Street Buy Recommendation 1.0Group Average Sales for trailing twelve months $8.42 Market Cap $173,420,885 Price/Sales Ratio $22.45 EPS -1.09 (Market Cap)/Sales Ratio $20.60 Zacks' Wall Street Buy Recommendation 1.7What would be ACMI's share price if the company was valued at the group average for the following: Based Upon Share Price Price/Sales Ratio $13.08 (Market Cap)/Sales Ratio $12.01But is AccuMed average? Consider the following: 1. Only AccuMed has a 1.0 buy recommendation. 2. AccuMed is one of only two in the group projecting to become profitable next year. 3. Only AccuMed has now been shown to produce an immediate cost benefit for the laboratories while increasing quality. 4. AccuMed has stated that the sales revenues growth for 1997 came primarily from "increased sales in the microbiology product line and the addition of the ESP product line." During the conference call the company now says interest in the cytopathology side of the company is taking off both nationally and internationally with systems being sold and contracts being signed. 5. Projections for Sales Revenues for 1997 is projected in the $20M range. At this rate of growth AccuMed's current Market Cap is probably less than what their 1998 Sales Revenues will be! No other company in this group can come close to saying that. 6. For icing on the cake, AccuMed has just announced that it has completed corporate consolidation which should reduce operating expenses next year by $2M.Can anyone explain to me why the stock is selling so low? Cisco