Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Magazine

Medamicus: The Pulse Is Rising


Medamicus (MEDM), a small outfit that supplies medical-device giants Medtronic (MDT), St. Jude (STJ), and Guidant (GDT), makes such percutaneous products as venous-vessel introducers, used in implanting catheters, pacemakers, and defribrillators. It is making money but will soon make even more -- on larger sales resulting from its recent purchase of Biomec Cardiovascular.

Analysts say it will boost Medamicus' 2004 earnings. The buy is a "turning point" for Medamicus, says Dennis Nielsen of investment firm Felt & Co., because it broadens its product line and would also quicken the development of devices used for less-invasive procedures for the heart, brain, and spinal cord.

Patrick Donohue of Northland Securities figures earnings will jump from 2003's estimated 38 cents a share, on sales of $18.9 million, to 51 cents on $33.7 million in 2004, and to 73 cents on $41.9 million in 2005. Now at 12, the stock is attractive because of strong earnings and a pipeline of proprietary products. His price target: 16 in a year.

Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them. By Gene G. Marcial


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus