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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

479.0. "Quidel" by PARVAX::WARDLE_M () Fri May 21 1993 22:21

    Anyone have information on Quidel?
    
    They're a California based retailer of simple medical test kits.
    
    I've sent for an annual report and 10K but was wondering if any of you
    have any knowledge of this company. 
    
    Marie
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479.1PARVAX::WARDLE_MWed May 26 1993 00:2919
    Well, I'll answer my own question.
    
    I received the annual report. The company produces a variety of medical
    test kits. They aren't heavily in debt, but 1992 was their first 
    profitable year.
    
    The stock trades at roughly 100 times earnings, but several predictions
    I've seen lately are looking for a rapid earnings increase over the
    next two years.
    
    One big problem (for me, anyway) is that over 50% of their revenue
    comes from one customer. They have significantly cut operating
    expenses, increased research funding, and increased sales and marketing
    expenditures as part of a new (and so far successful) marketing
    strategy.
    
    They look ok, but I'm not overwhelmed.
    
    Marie