we discused that very issue last night at our club meeting...we're down almost 13.00 a share and wondering what to do? It's my stock to follow and like wise it's now my job to find our options...if i have any luck i'll let you know...lot's of lessons to learn and we're taking note of this one.
I have owned THI for almost 7 years now, the longest held stock of my entire portfolio. For a while there, it was a really dependable, steady performer. Then this year...Value Line, which is also my source for almost all non-internet information, implies that demand has dried up for a while and so earnings ar hurt. This has been a VERY punishing market when "growth" stocks miss their quarter-over-quarter earnings growth. THI slippe d a little and got hammered.As Value Line says, the wuestion is how permanent the fall-off in demand will be. I gotta like the management, and the Thermo companies are all niche players connected in this elaborate pyramid which seeks shareholder value by spinning off divisions.In short, I think that THI will come back in the next twelve to 18 months. It's earning have not fallen THAT far, and the Asian crisis has to pass some day. If you (and you club) can be patient, I think this would be a good time to add to your position.I will be.Of course, I have been wrong before... :)- Gargar
I've searched out every tid bit of info. i can find and i must agree with you. my club is only 1 1/2 yrs. old and we are still very much in the process of learning, but every indicator i can find points to the good. this could truly be a lesson in patient just waiting to be learned.(at least that's what where banking on)
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