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  • timlou timlou Dec 25, 2008 10:00 AM Flag

    My Thoughts

    CMED could be a big fraud. It recently paid big $ to buy a so called HPV DNA chip company which is a BVI company with operations in China. Interestingly, CMED bought its current FISH business from the same company in two years ago with big money. How come CMED keep buying new business from a company that nobody knows.

    Secondly, if you know the HPV business, Qiagen's HC2 test is doing well in China. CMED's HPV DNA chip technology is not even heard in the market. It's not even approved by Chinese Food & Drug Administration for sales.

    It's so clearly suspicious.

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    • You guys keep complaining, but the reality is that CMED has never been cheaper.

      Other players in this industry have valuations much more aggressive than CMED.

      CMED is a 40 dollars stock right now in a rational market.

      In the meantime, as you guys drive this price lower and lower and collect my yearly dividend plus eventual market-beating share price appreciation.

    • >It's so clearly suspicious.

      "suspicious" by the meaning of its word isn't "clear".

      Altough I was aware of your argument, I chose not to sell. Wu owns 26.1% of shares, roughly 8.2 millions shares, valued at $145 millions now, valued at $245 millions at the time of HPV purchase. If this is a fraud, he is the one first going to suffer the most (You can say that he pockets the entire $345 millions, but would that be too extreme? China government isn't going to tolerate the fraud like this. The crime, if your imaignation be true, will certainly get a death sentence in China). So I might think the deal was over-priced (although IR Winnie didn't agree by citing the ability to detect 24 viruses and add-on gift on SRS technology, which similar deal didn't get) but fraud is extremely unlikely.

      And your post at this particular timing is "clearly suspecious".

      • 1 Reply to floppy_6
      • There's a lot of whiners on this board. CMED held up alright in this environment. I am not saying this can't do better, or that this won't go any lower. But a lot of momentum stocks have gone more than 70% in a short period of time. CMED have gone down about 60% from the mid 50s. RIMM has gone down about 70%, and GOOG at one point gone down about 65%. I am not even talking about all those commodities stocks that have simply been eviscerated.

        This is a sucky sucky investing environment. I feel CMED could've done better on the IR level. But shareholders needs to trust the management if they have proven themselves worthy of the trust. CMED managements have done a great job identifying great acquisition targets and grew the business steadily. As previous poster mentioned, the managements interests are aligned with the shareholders, since they're the largest shareholders.

        But then again, I feel there aren't a lot of actual investors. If you guys want to make a lot of loot in short period of time, you should check out AIG, F or GM. This one is for the long term.