They have almost $500M in convertible notes outstanding. Their cash position as of December was "OK". Any more convertibles issued would collapse the stock. I don't see a reason for yet another convertible or another issuance. I think they're going lower because hot money is chasing hot sectors, and health care is about the coldest around.
Reported rev.from continuing op. was 33 million US dollars reported on March 2 for the Dec. quarter. Rev.reported recently for the March 09 quarter was 36 million US dollars. That is a 9% sequential increase.
Any way you evaluate the company's recently announced qtr it was rock solid. Todays selling was IMHO a response to lock in recent gains and unfortunately the selling became exacerbated with the fall off in the market overall. There are not a lot of companies that have the growth prospects that CMED does going forward and the stock is just to cheap. Maybe I am wrong but I think a very strong rebound will ensue in the next couple of days.