Mediware and Market

Well the market just stinks, as the credit woes continue to rattle everything. Most of our stocks are now participating in the “crash”. While the NASDAQ is still up almost 14% on the year, the broader averages are only up about 4% (Russell 3000, Wilshire 5000, S+P 500). The mighty DOW is now up about 7%. We are getting hammered this week and are only up about 10% right now. As always, paience.

Mediware announced earnings this week. Sales up 27%, made $.05 in profit and the stock is down $.07 at $6.75. Who can figure. Our valuation went up to $13.32 from $12.89 which is very good. Now trading at 51% of our valuation. BUY.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s