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Medtronic, Inc. Message Board

  • viking_hoard viking_hoard Feb 13, 2003 9:46 AM Flag

    MDT@35cents/sh@14P.E.=19.40=great short

    medical technology bubble about to burst. rich P.E.s for this sector are passe. This is a great short side play. Get in now before it drops to reality price level. IMO, there should be about $20/share profit on the drop as money shifts to the historical cyclicals.
    There are too many competitors emerging and the med-tech glut will be a killer just like it was for the bloated dot.coms in 2000. They were excellent shorts as well when they challenged the 30+ P.E. realm. Go short and make some money this year. There is ALWAYS a market short sector and MDT is in it.

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    • Your position is completely unsupportable. To compare the medical industry to the industry makes you look like an idiot. The dot.coms had absolutely no tangible substance of any sort to support their stock prices. It was 100% speculation and greed.

      The medical device industry has been running at these relative valuations (actually a bit higher) for decades. They back it up with huge intellectual property and high barriers to competitive entry. Most new small competitors make a plan out of being acquired by the established large firms once they have their products developed.

      What bubble there was in this industry burst when the dot.coms did. All market valuations dropped.

      Your point about the medical device industry is just simply stupid.


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