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Meridian Bioscience, Inc. Message Board

  • needcommonsense needcommonsense Mar 13, 2008 2:42 PM Flag

    GOOD COMPANY, BUT OUTRAGEOUSLY OVERVALUED [sell]

    profit-take now. You are forewarned!

    SELL !!!

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    • No I just made a mistake jogging between message boards; Haven't been back in awhile. This is actually a more refreshing board than most i'm on where politics is the issu and not the stock.

      I much prefer that the issues be about the STOCK.

      Would appreciate update on ROCM as I've been too busy with my life; I DON'T have hot flashes but my dog has grade 3 cancer and I've also been busy making her flaxseed food stuff.

      would rather talk too about cars on Edmends than Stocks or politics.

    • iUSA

      Contractors has a strong buy recommendation and says you are wrong to suggest buying the stock?
      She probably is having 'hot flashes' or sold her 100 shares in a 'panic'. Ranting about Pres. Bush on a stock board==duh!

    • I have stated this before: Sell, sell, sell. All you are doing is providing a great buying opportunity for the intelligent people here who buy stocks based more on sector promise and growth rather than numbers. I may not understand all your numbers but I do know that continued record profits and revenues do not add up to a company being overvalued. I willcontinue to sit back and enjoy Meridian like I have for the past 11 years. Remember the MOTTO!

    • Oh come on...

      VIVO has been growing earnings at 25-30% for over three years, now. Their stated goal at their very upbeat annual meeting was for 25% profit growth in 2008.

      And, VIVO doesn't miss goals, unless you consider beating their own forecasts a "miss."

      Anyway, a 50 PE (2x earnings) for a fast grower like VIVO is reasonable enough, according to most analysts I've monitored, Cramer chief among them, if you follow him.

      At today's close we are below that. I submit the stock is undervalued.

      Here's why...Give these guys a 50 PE for .75 in 2008 earnings (the high end of their own forecast) and you can make the case for a $37.50 stock, easily.

      Factor in that they will probably revise upward here, closer to .80 (they usually do this over the summer) and you can get to 40 bucks a share, no problem.

      The only wrinkle may be if they make an acquisition with the 50 mill in cash thats burning a hole in their pocket (they have zero debt) and the market may pressure the price down a little.

      But...also consider that the company promises to make no acquisition unless that acquisition would be accretive within twelve months (The president states that particular calculus at every annual meeting I've attended)

      So even if they do acquire, you can be secure in the knowledge that it will add to the bottom line within a year.

      Here's a link to a Cincinnati Enquirer article showcasing the company president's recent presentation in Cincinnati. It echoes what I've said, here.

      Good luck!

      http://news.enquirer.com/apps/pbcs.dll/article?AID=/20080313/BIZ01/803130328/1076/BIZ

 
VIVO
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