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Cantel Medical Corp. Message Board

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  • bexho2000 bexho2000 Oct 12, 2006 10:34 PM Flag

    Earnings Release

    I would disagree with your negative tone - if you are short, good for you, but not everything is lost here. You forget that the los business was mainly a distribution office and I doubt that anyone would disagree with the fact they got way too much for what it was worth. Short term yes it has a negative impact but in the long run they are better off as they focus on direct sales instead of being just an OEM manuf for Olympus. By the way, if you talk to the company tyou will learn that Olympus has been buying DSDS and MVs in August and September like there is no tomorrow, and there is a significant growth in direct orders at much higher prices than what Olympus pays. So the $800k expense in direct sales efforts in FY06 is paying pretty fast.
    I hope CMN management makes up their mind fast on a new acquisition as you hate to see all that cash just stationed at the bank...

    disclosure: I am not an employee or a paid pumper - just a stockholder that happens to like the company and what they are trying to do based on the new realities.

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    • As uncomfortable as it was to see shares I have held for many years suddenly lose 50% of their value, it appears that CMN is going through a painful realignment from a company that derived much of its revenues as a "middleman" to one with a proprietary interest in the products it markets. This process will take some time, unless an acquisition is made that adds immediately to earnings.

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