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Very strong on Friday and it is also bullish if we can hold the gains today? I have to compliment Clint & Co. for a strong quarter and agree with Vat. Any settlement of the lawsuit, as well as positive growth in human medical equip, should give more upside. My only concern? With the high multiple 4x book, and high P/E, ABAX is priced for perfection. I sold half of my postion today after a 30% surge in 8 days. ABAX is not a trading stock, but can't help the sell in May thought preserving this nice gain. I personally think ABAX will institute a dividend at some point. GLTA.
All you have to do is do the opposite of what Jim Cramer says. When he says it's a buy, it's time to sell.
Realistically, we are looking at the expectations for FY 2013, and ABAX escaping from the crippling litigation costs and the ARL start up costs. An added bonus would be if one of the multi-location Piccolo deals has come through, to give some real growth to the medical side, and fulfill our expectations of 2 years ago.
A dividend wouldn't be a bad idea too, since the share price has been below $30 since (a long time).