Hello friends! Back again with a last minute post before the market closes. If I had some cash, I would probably buy some of these shares but I do not have any cash available and do not own any shares of these nor anyone in my family.
Bio-Rad Laboratories, Inc. (BIO) is an AMEX issue that according to Cnn.money, "...manufactures and supplies the life science, analytical chemistry and healthcare markets with a broad range of products and systems used to separate complex chemical and biological materials, and to identify, analyze and purifty their components."
BIO is having a great day (aren't they ALL when they make this list!)....trading at $60.15 up $3.35 or 5.90% on the day. This apparently is in ANTICIPATION of their earnings release (?) coming on July 28, 2003.
First quarter results, for the quarter ending March 31, 2003, were reported on April 29, 2003. Results included an overall sales increas of 17% for the quarter to $246.0 million from $210.2 million last year. "Basic" earnings were up 38.7% to $1.04/share from $.75/share last year.
Morningstar.com shows a nice growth in revenue from $426.9 million in 1997, $447.9 million in 1998, $555.4 million in 1999, $725.9 million in 2000, $817.5 million in 2001, and $893 million in 2002.
Extrapolating the present quarter would get a revenue figure just shy of $1 billion for 2003.
Free cash flow has improved nicely the last few years from a negative $7 million i 2000 to positive $56 million in 2001, and $63 million in 2002.
Looking at the balance sheet we find $27.7 million in cash and $438.1 million in other current assets....more than enough to cover the $222 million in current liabilities and $115.6 million in long-term liabilities.
This company has a market cap of $1.44 Billion with 25.4 million shares outstanding with only 17.7 million that float. The p/e is a reasonable (to me) 19.70, no dividend is paid, and outstanding short sales total 589,000 shares or 2.08 trading days as of 6/9/03.
I actually like this company a lot....I fall in love EASILY with stocks!.....but do not have available cash to go buy some....so if YOU do...you might take the plunge with BIO...I think you will be glad you did.
Posted by bobsadviceforstocks at 3:04 PM CDT | Post Comment | Permalink