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Thermo Fisher Scientific, Inc. Message Board

  • _CAPTAINBLOOD_ _CAPTAINBLOOD_ Jun 8, 1998 10:10 PM Flag

    Negative Sentiment Understandable (but U

    Thermo Electron went up too far too fast. In
    1996, it peaked out at just over $44. TMO was
    overvalued at 36 x 1996 earnings, 21.5 x cash flow, 3.8 x
    book. For those of you who bought at this time, you've
    suffered as earnings caught up to the share

    TMO is fundamentally in fine condition and is a
    bargain under $38/share. TMO is cash rich and
    acquisitions should be forthcoming. This is a fabulous company
    that always delivers good earnings. I look for a
    breakout in the near future and will add to my position
    (full disclosure) on weakness.

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    • on this thread may be a contrary indicator. The
      tone of the posts here is decidedly one sided to the
      negative. No doubt Wall St. is influenced by factors other
      than pure research, but if you look at how analysts
      feel about this company, one would think that at least
      a small percentage would get it right. Internet
      slamming can be motivated by dubious motives as
      Long and proud.

      • 1 Reply to bflohombre
      • raised have for the most part been done with
        merit,thoughtful analysis and substantiation. I am also long the
        thermo group, but I don't think its about pride. For
        example,the issue of thermo voltek goes to the credibility of
        management. When tvl trades at $12 and management assures
        shareholders as they did on the conference call and at last
        year's thermo conference,then a buyback at $7 is a
        breach of the faith and trust investors have
        placed,particularly in the chairman of tmo (whom I have personally a
        high regard for). But the issue is not about pride or
        personal esteem,its about the bond with minority
        shareholders that has been broken...but that might still be
        repaired over time thru the parent company's deeds and the
        subsidiary performances. The tvl offer is a setback that
        could presage other future repurchases that might
        precipitate more shareholder lawsuits;fighting with minority
        shareholders is not in the best interests of the spinout

    • Captainblood,

      You are correct. TMO is one
      of the great growth companies. It is hard to find a
      stock that can grow earnings 20% a year for aprox. 12
      years. It is now undervalued and a good buy. It may get
      down into the high 20's, but I believe it will have to
      be a down market to get it there. Using a simple pe
      for buying/selling is rewarding with this stock. Good
      investing, John

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