Cantel Medical Corp., $41.94, symbol CMN on New York (Shares outstanding: 41.5 million; Market cap: $1.8 billion; www.cantelmedical.com), makes products that control and prevent infections.
Examples include specialized medical devices for kidney dialysis and looking inside the body, water purification equipment, disinfectants and cleaners, filtration and separation products and specialty specimen packaging.
In the three months ended October 31, 2014, Cantel’s revenue rose 15.7%, to $136.8 million from $118.3 million a year earlier. Excluding one-time items, earnings per share rose 9.7%, to $0.34 from $0.31.
Cantel’s market is growing, but it’s also competitive. The company continues to expand by acquisition, which adds risk, but it tempers that risk by buying smaller firms. These acquisitions add to its product line and provide opportunities to cross-sell existing products.
The stock trades at a high 35.8 times the company’s forecast 2015 earnings of $1.17 a share. It yields 0.2%.
Cantel Medical is okay to hold, but only for aggressive investors.
investors.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Changes to this Policy
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