Cryolife has practically no debt, 18M in cash, and is trading with a PE of under 5. The main source of the company’s income is recession proof, which is something the great majority of listed companies wish were true for themselves. Its 09 earnings estimate, which is at .31, is expected to decrease from the previous quarter, but still generate a considerable profit. Future fiscal year earnings are expected to be much higher and have consistent and considerable growth. Cryolife’s financial statements show that the company is in great shape and that management is doing a good job a keeping the company efficient and effective. I like this company and I admire the services this company provides to ailing individuals. I’m going to hold my position and continue to accumulate at these levels.
See how much less money they have or make when earnings come out. That cash and PE are like looking into a rear view mirror, the stock market only cares about the present and profits going forward. The only thing in the past that stock market cares about is law suits that were filed and their outcomes on future earnings.