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Medical Action Industries AŞ Message Board

  • bobgordon340 bobgordon340 Feb 18, 2014 11:44 AM Flag

    Anyone Following Medical Action Here...?

    Anybody following MDCI here....beat on numbers top and bottom ...and looks good here going forward. $12 looks like a possibility from here.

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    • Why would you - the company and CEO suck -

    • I am cautiously optimistic. I am a long term shareholder and this stock was in the 20s just a few years back. They have been implementing cost controls for the past year and seem to be making progress, and have restored profitability. If they continue to eliminate low margin product lines and pick up share in their higher margin product, profits will continue to grow. MDCI trades at just a little more than .25x sales (point-two-five). That is incredibly cheap. I'm surprised they haven't been taken out by a company that is able to monetize their assets and market share better. I have a good holding, but am considering adding to my position especially as it is down after blow-out earnings (beat estimates by 12 cents, I believe). They are speculative but have good potential upside.

      Sentiment: Buy

      • 1 Reply to rexobxip
      • You are correct Rex....technicals look good as well. This is a highly under followed company but doing the right thing and making money. Very small float as well. Think this could run in the $20's again at some point. Need some more exposure and following. Probably will be taken out before long. As I said,,,, see this going to at least $12.00 in the near future.. Technically has done a lot of the work it needs to do.

    • Why do you think so? I listened to their conference call, and they don't seem to be planning anything new.