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Biotech / Medical : Trinity Biotech (TRIBY) -- Ignore unavailable to you. Want to Upgrade?


To: Findit who wrote (7746)1/7/1998 1:25:00 PM
From: Scott H. Davis  Read Replies (1) | Respond to of 14328
 
Could be some traders following the old adage "buy on rumor, sell on news". Today's action does not make a lot of sense from a fundimental perspective. But having lowered my cost substantially during the December sale, after we get some the qtr & annual statement, we'll start seing a marked improvement. And remember, with low EPS 1st & 2nd qtr 97, TRIBY should be able to put out some very good qtr press releases with great qtr over qtr comparisions. (I can visualze "Trinity Biotechnology announces first qtr results with record sales & revenues, 400% EPS growth.

Thinking of EPS growth, with the sequence of .01 .01 .02 .03, plus the
additional of new products/approvals, time for integration of operations from the merged companies & and hopefully synargistic effect of having a broader product mix available to the broadended distribution channels, I'm starting to wonder if the .15 FY98 EPS estimate might be pretty conservative. Thoughts? What a thought, a 114% EPS growth projection being conservative. Gotta love the potential here. Scott



To: Findit who wrote (7746)1/7/1998 5:29:00 PM
From: Steve Stuart  Read Replies (2) | Respond to of 14328
 
What short memories everyone has...

Only last week this stock was trading at 1 5/8. I'm sure most of the 25% runup was due to anticipation of today's news. Several people here had posted that the company was "sitting on news", so I'm sure it was no big secret.

Even though I think a 25% jump on this lone approval is overdone, the stock still looks undervalued to me.

-Steve Stuart