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Volcano Corporation Message Board

  • no_balls_no_gain no_balls_no_gain May 21, 2013 9:51 AM Flag

    Forward PE of 338, VOLC can't stay that high. The market will bring it back down.

    Look at Schwab, not Yahoo. The valuation is sky high and VOLV will be vulnerable once the markets calm down.

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    • You're buying into a common fallacy. Yeah, companies with tiny net earnings show huge P/Es. You can't take them at face value. You have to make plausible GUESSES at what the business will look like in some future snapshot to assign a value. And I admit that this isn't what Benjamin Graham would call 'investing.' Plausibly, Volcano has at least its present market share of intravascular sensing done in conjunction with a majority of invasive catheter procedures, with cardiac PCIs at least as common as the historical rate. And by that time, the cost structure is better, too.

      Of course, one can't assign 100% probability to perfection, but it doesn't take an unreasonably high probability to put a floor under the stock price well above $10.

    • Dream on, read the Value Line report, in the next few years this is going UP. Another clue Goldman changed their opinion downward in the course of a month, probably to set up some of their clients for entry, maybe even explains price action today. Excellent long term entry point and will be well into the 20's

17.980.00(0.00%)Feb 13 3:59 PMEST