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Tuesday, 2 March 2004
March 2, 2004 Cantel Medical (CMN)
Hello Friends! It is LATE Tuesday night, maybe it will be Wednesday when this gets posted, but I haven't posted a pick for today and I think I have a nice one for you. As always, please remember to do your own due diligence and research, and consult with your investment advisors to make sure any selection on this site is suitable for a purchase or sale for you!

Cantel Medical Corp. (CMN), according to the money.cnn.com "snapshot" "...is a healthcare company concentrating in infection prevention and control products and diagnostic equipment, as well as servicing medical equipment. CMN also markets medical equipment." CMN had a nice day today, closing at $18.40, up $1.35 or 7.92% in an otherwise dismal market.

Early this morning, Cantel reported second quarter 2004 earnings results and like so many of the stocks that end up on this site, the results were enough to propel the stock higher. During the quarter ended January 31, 2004, sales jumped to $41.1 million from $34.4 million the prior year. Net income was $2.6 million or $.26/diluted share, vs $2.4 million or $.24/diluted share the prior year.

Looking at "5-Yr Restated" financials from Morningstar.com, we can see first that revenue has grown steadily and rapidly from $38 million in 1999 to $138 million in the trailing twelve months. Earnings/share have also steadily grown from $.20/share to $.85/share in the trailing twelve months. Free cash flow has improved from $1 million in 2001 to $10 million in the trailing twelve months.

Balance Sheet-wise, Morningstar reports that CMN has $10.5 million in cash and $53.1 million in other current assets, enough to cover both the current liabilities of $21.6 million and the long-term liabilities of $33.7 million combined.

Looking at "Key Statistics" on Yahoo.com, we can see that CMN is a small cap company with a market cap of $171.58 million. The trailing p/e is 21.50 and the forward p/e for fye 31-Jul-05 is 16.28. The PEG is very nice at 1.05, with an also reasonable price/sales of 1.15.

There are only 9.32 million shares outstanding, and of those, only 7.50 million of them float. There are only 77,000 shares out short as of 2/9/04, but with the low trading volume, this still represents 3.5 days of average trading volume, but only 1.03% of the float.

No cash dividend is paid, and no stock split is reported.

If we look at a point and figure chart on CMN, we can see that the stock just recently appears to have broken though a resistance level at around $14.0, and has headed higher in a strong fashion (in my humble opinion.)

Overall, I like this stock quite a bit. Except for the low trading volume and the low market cap, the value is excellent with a p/e just over 20 and a PEG just over 1.0. The balance sheet is solid and the company is generating nice free cash flow! We will have to see how stocks trade as this might become another addition to my portfolio!

Thanks again for stopping by. If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com

Bob


Posted by bobsadviceforstocks at 11:52 PM CST | Post Comment | Permalink

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