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China Medical Technologies Inc. Message Board

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  • makinlootz makinlootz Dec 22, 2008 12:05 PM Flag

    My Thoughts

    I have not been a fan of the HIFU business for quite some time. It has had slow growth for a while and growth has been largely through price increases. I do support the idea of CMED selling off this business unit. However, the price is too low and they are selling the business at a very poor time. Even with negative growth the segment will still generate earnings. They are not strapped for cash either. We are well aware of the expense of R&D in the U.S. and Europe but this is an investment in the future growth of HIFU. Considering the profitability of the business and the future potential $53 million is not enough. I would have liked to see an additional $25-$30 million for the sale. I also agree with Theeseer that the potential for HIFU is quite limited but there is still a decent market for the equipment.

    I do like the focus on molecular diagnostics because this business is young and has a very attractive potential for growth. The more I look at the acquisition of this technology the better I feel about the price paid.

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