Mediware $7.08 (NASDAQ-MEDW)-Earnings

MEDW announced earnings this morning and they were decent. Sales were up 14% to $10.4 million. Net income was down from $561,000 to $426,000, or $.06 per share compared $.07 per share. Our valuation dropped a bit to $12.90. Still MEDW is only trading at 55% of our valuation, has $2.70 a share in cash. Still a BUY in our book.

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