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  • market_kings market_kings Jan 12, 2004 11:51 PM Flag

    earnings growth

    Here's what you're missing:

    2003eps - 1.79 (before one-time items)
    2004eps - 2
    eps growth - 10-12%
    pe - 20

    Pipeline -
    No indication when (or if) silicone is ever approved by fda.

    Stock was in the high 30s when everyone initially thought silicone is approved. It's now in the low 40s. Will see $37.50 again (at the minimum).

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    • If they hit the low end of earnings estimates it would be 1.79 for 2003 and 1.90 for 2004. That's a 6% earnings growth. The big growth story just went up in smoke and with a pe of 22 times 2004 earnings there's a whole lot more downside risk.

      • 1 Reply to beanyboy1801
      • Hmm, I picked up the 1.5 and 2 figures from marketwatch article - quote

        The Santa Barbara, California-based company forecast its 2004 GAAP earnings in the range of $1.90 to $2.00 a share, compared with a projected 2003 GAAP profit of $1.52.

        Analysts polled by Reuters Research had expected the company to earn $2.06 a share for 2004. On a GAAP basis, that would be $1.96, which is in line with company estimates, Inamed said on a conference call.


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