Wed, May 22, 2013, 3:27 PM EDT - U.S. Markets close in 33 mins.
Any ideas?I do not understand why it is at this price?
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Hard to say, but this is a volatile stock. It sometimes goes up and down 10% in a period of a day or two. It's a good company and will continue to grow, as China is a huge market for CMED's products.I expect the stock will trade at least at a 15-20x multiple, which means that if they can earn $3+ in 09, we will be trading between $45-60 by the end of the 08 year.