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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.) -- Ignore unavailable to you. Want to Upgrade?


To: Abuckatatime who wrote (2201)11/13/1998 7:56:00 PM
From: PAR  Respond to of 3414
 
Boy, with all this good/excellent PR and the insiders selling, then I must consider this a major red flag. Been burned BAD before and told myself never again.



To: Abuckatatime who wrote (2201)11/15/1998 10:53:00 AM
From: Abuckatatime  Respond to of 3414
 
Oscar Gruss & Son, Inc revises revenue and earnings estimates upward. In a Nov 5 report, analyst W.R.Prather M.D. comments on PM's stronger than expected Q2 showing and adjusts his projections accordingly. (!)
FY1999:
EPS: $0.67 from prior $0.66
Revenues: $99 million from $92 million
FY2000:
EPS: $0.90 from $0.81
Revenues: $116 million from $103 million
Continuing revenue gains from Liberty's expansion into the Type2 market as well as expanded market position of the AZO consumer line are cited as sources for PM's sustained growth.

OG sets a 12 month price target of $15. IMO, that is a conservative number, especially considering eps growth alone, which is projected to exceed 30%.



To: Abuckatatime who wrote (2201)11/15/1998 11:10:00 AM
From: Abuckatatime  Read Replies (2) | Respond to of 3414
 
Branch Cabell also weighs in with a Nov 5 update. Analyst Michael Petusky - "…we are confident that trends in PM's business are getting even stronger." Noting that PM exceeded both their revenue and earnings estimates and that DSOs had dropped to levels not seen for several quarters, BC reiterated a strong buy rating on the stock and raised the 12 month price target to $17. Upward estimate revisions were again the order of the day - FY99 and FY2000 EPS estimates now $0.67 and $0.85, up 3 cents each from previous projections.