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Steris Corp. Message Board

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  • roger29palms roger29palms May 1, 2002 11:02 AM Flag

    This MF is worthless tu me!!!

    Kokomo, this one is certainly trying. I would have bailed many gyrations ago but for telling myself the company's last few quarters are beginning to show the results of why I bought in the first place over two years ago. It seemed to be a troubled company with much potential due to it's products and in a troubled industry. Current management has been revamping and hospitals are starting to buy again. The clintons are gone and their attempts to change the healthcare system is now history. This is a plus for STE.
    For the longer term, baby boomers such as myself are becomming, or will be, more familiar with the insides of a hospital. That situation should benefit STE.

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    • thanks for the copy over...I just made a landmark investment here last year...I was expecting solid returns....only breaking even at best here....I have made out great in MME....!! STE has yet to light my fire.....good vibrations to you...and the positive guidence you cast over reason to sell now....what's striking is how fast STE gives up respectable can count on it.....$25 will be monumental for STE!!!!

      • 1 Reply to kokomo_76544
      • Kokomo,

        I don't know how long you been investing but in my experience they all creep up and plunge down. Not counting the 1999-2000 era but that was an aberation for the history books along with tulip bulbs in Holland in the 1600's, Florida swampland in the 1920's, etc., etc.
        May I make a suggestion that has stood the test of time for me? I noticed you mentioned an investment last year in STE. If you go back to the 10/99 time frame, you'll see that every stock in the healthcare field began appreciating in price. That month was when a political event occured that undid the negatives overhanging the industry. Now that the gears are moving I remember; reimbursement rates for medicare, etc., were raised, offsetting the political decision to lower them. That move by congress and the clinton's negatives had put STE and anything healthcare in a year-plus swoon. You can read the details but in a nutshell here was a troubled industry with a negative outlook by the press, Wall Street, and Grandma Moses. That climate was why I could buy STE for less than $8/share. To make this story longer, let me say that this concept of looking at what is unloved is where the bargins exist. They usually take patience. I use a three year time frame when I buy, but I have been in the black since 1998 when I first began investing using a computer. Even in 2001 I gained a smidgen over 5%.
        So anyway, that's my synopsis of many years of beatings before I learned to love what others hate and pluck up the courage to buy the same. Ya buys yer raincoats in the summer.
        Hope this helps, Roger

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