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Louetta, Methinks the price has bottomed around 2.06. If so and we don't see a dip in the next few days I'm a buyer again. Baby boomers are buying more catheters than nickle bags these days.
10-Q has been posted to the SEC site. On a year-to-year basis net sales for 3 months up 9.6%, for nine months up 9.9%. Good top line growth, methinks. Net income is down due to a (presumably) one-time litigation settlement so EPS is down to .03 per share for the quarter vs. .04 last year, nine months EPS the same at .11 per share. .03 per share covers the dividend (might not if you go another decimal place).
I conclude we might head South Tuesday morning due to a decrease in EPS. But I like the top line growth and the fact that they can (essentially) cover the dividend. I would not sell but I plan to keep this awhile anyway. Certainly want to hear what others think.
Well, when the market drops 10% in a week, it's good to focus on those silver linings. Mayhap those dividends will be paying for my catheters 30 years from now, even if Medicaid won't!
Last edited by jiesen; 08-25-2015, 07:00 PM.
Reason: quoth Louetta
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