Fri, May 24, 2013, 6:42 AM EDT - U.S. Markets open in 2 hrs 48 mins
Revenues $ 36.7m (up 27%) Net Income $ 14.0m (up 59%) EPS .53 (up 66%) Revenue growth and margin expansion both contribute to higher resultsBalance sheet continues to improve -- June 2011 Cash from Operations hits $9.6mDebt, net Cash to Ebitda leverage continues to decline:March 2011 2.7x June 2011 2.3xAbility to refinance August 2013 isn't a problem today nor in August 2013Company consistently generating $10m quarterly from OperationsEPS Guidance ConservativeJune 2011 actual .53Sept 2011 guidance .49 <--- likely will be higher as revs growing sequentiallyFY 2012 guidance 1.88Based on June 2011 actual and Sept 2011 guidance easy to see EPS north of $ 2.00 (up 30%)Fair Value = 8.0x PE = $15.00 <--- using Company guidance 10.0x PE = $20.00 <--- reflects actual results tracking $2.00 EPS
The squeeze is now on in CMED.Ride it to $7 today
So, why is trading 60% lower than 3 months ago?
stock is on sale.china small caps got slammed this year and are out of favor now.