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MGC Diagnostics Corporation Message Board

  • retiredtechie retiredtechie Sep 12, 2006 12:51 PM Flag

    ANGN Is Great Long Term Holding

    In my opinion, you would have to search thousands of micro cap med-tech stocks before you could find a better one than ANGN. The total package under the guidance of CEO Rod Young is nothing but extreme high quality. What we have here, folks, is very high and consistent revenue growth for 9 quarters in a row which is now being combined with significant earnings growth. It would be hard to ask for much more in a company of this size. This is why I believe, although the stock has run up significantly, that much more is in store for the investor who has plenty of patience. The current share price ($9.23 as of this writing) is going to look like a true bargain into the long term (24-48 months). As for myself, although this stock is already my 2nd largest holding in terms of dollars, I will continue to "buy" more shares with extreme confidence.

    Cheers and good investing,

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    • peter_norths_proctologist peter_norths_proctologist Sep 12, 2006 2:37 PM Flag

      I think more like a profit of 5 or 10� per quarter, based on net income anywhere between $200k and $400k. One could justify a price range anywhere between $4.00 and $8.00. It may not go down as low as you think.

    • I agree with what you just said. Angn is a small company which will post a 2 or 3 cent profit per qtr.. Yearly profit of .12 to .15 cents.

      At a 20 P/E ANGN is a stock price in the $3 to $4 range. Yesterdays daytrader frenzy and this mornings nuttyness is way out of proportion especially given the industry that angn is in.

      And any reasonable long would have unloaded at 10 and be laughing right now at all the saps jumping on this.

    • peter_norths_proctologist peter_norths_proctologist Sep 12, 2006 2:16 PM Flag

      Yes, the blow-out quarter was a blip, but the company will remain profitable as far as I can tell. The general growth trend is intact. Even without that one customer, revenues are growing at a rate of 10%. How else do you think the company reported positive earnings in recent quarters WITHOUT the blip?

    • It will be revenue of some kind of 1 million, he "expects" instead of the 4 million in this quarter.

      So angn losses 3 mil in revenue and along with it their tiny profit as expenses grow.

      So you will finally recognise that this quarter was a blip that will not recur?

    • The 10Q says that 4 mil of the 8.8 mil total revenue this quarter came from 1 customer who now will not need anymore machines.

      Total profit this quarter 600K, GOOD LUCK

      • 1 Reply to mriawonderful
      • peter_norths_proctologist peter_norths_proctologist Sep 12, 2006 1:32 PM Flag

        "...The 10Q says that 4 mil of the 8.8 mil total revenue this quarter came from 1 customer who now will not need anymore machines."

        Can you explain how you come to the conclusion that the one big customer is done buying machines?

        It is true that nearly 40% of revenue came form that one customer last quarter. It is also true that "service revenue" does not kick in until 12 months after a new machine is sold, because servicing is under wartranty for 12 months. It is also true that the CEO said that they expect a 10% increase in revenue from their big customer over the next few quarters (see 10Q). Since ANGN just sold them a ton of new machines -- all of which need no servicing for 12 months -- it stands to reason that the 10% increase in revenue (from the one customer) is in the form of sales of new machines. To clarify this assumtpion, the CEO said in the 10Q that service revenue is not expected to increase until 2007.

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