When I last wrote on Medical Action Industries (MDCI)
in April, I thought the shares looked like an interesting idea given
management's intention to pare away less profitable products and really
focus on improving margins. Since then the shares are up more than 40%
and the company has followed through on their stated plan of
self-improvement. Between ongoing margin improvement and a debt
refinancing that created valuable breathing room, I believe these shares
are worth more now and still have around 20% upside.
Please continue here:
Medical Action Coming Along
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