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Chembio Diagnostics, Inc. Message Board

  • toonawish toonawish Dec 11, 2012 11:17 AM Flag

    Went Long Today!


    I like the story & the latest 10Q shows a management team with honesty & integrity.
    Growth in Africa, Asia & SA (US & Europe not so much...)

    Could become a story stock at home with FDA approval & a good promo on a major network!

    I wish it would tank to $1 so I could really load up (not gonna happen though...)

    Sentiment: Strong Buy

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    • Welcome aboard...I've been in almost 5 years. Some of the best management I follow. The stock is on a trend to double every year. Either we get the new ruling this month or 6 months from now.

      • 1 Reply to chart_watcher99
      • It's easy to find companies which will benefit from economic/social forces which are beyond their control but it's extremely difficult to find true growth companies.
        (Companies which grow based upon markets they create & subsequently control...)

        CEMI could be one of those companies!

        I know they've stated the desire to grow more internationally but (and I'm not smart enough to figure out) is there also an attractive market for this product in the USA?

        I looked in my local CVS & found only one HIV home test kit offered by OraQuick.

        I also found a multitude of "drugs of abuse" tests offered by Alere (could they help CEMI bring their product to market in the USA? When it's ready of course...)

        Either way; I like the frank statements by management in the latest 10Q & believe they have the potential for more visibility in both consumer & investor markets (no one on Wall Street covers them now!)

        Sentiment: Buy

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