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Cantel Medical Corp. Message Board

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  • bexho2000 bexho2000 Oct 9, 2009 9:13 AM Flag

    CMN beats estimates! BUY! Shorts will have to cover TODAY

    Revenue growth rate - last year they had large orders for concentrate at mintech from an international customer. Those orders are not regular as they depend on that particular county's tenders. From what I was told they restarted again in full force in mid august. these are prepaid rders so the company ships only when they get the money. I was told they have the money for shipments through the end of second qtr.
    Anyway this drop in revenue actually helped them as this international concentrate business is a relatively low margin one. I know fresenius is buying half the size as well but bottom line there is only minimal impact. Key is endo business and that is growing tremendosly well. This is why their earnings went through the roof.
    hope this helps if you are really trying to understand their results. Good luck to all!

66.95+0.65(+0.98%)Jul 29 4:02 PMEDT