Friday, January 17, 2014

Seeking Alpha: Trinity Biotech Getting A Head-Of-The-Class Multiple

Fellow Seeking Alpha contributor Paul Nouri made a very solid call naming Trinity Biotech (TRIB) a Top Idea back in late June, as the shares have risen about 60% since then. While I do like this under-followed Irish diagnostics specialist, I have to wonder if the stock has gone too far too fast. Even if I assume uncommonly high free cash flow margins and that the company captures one-third of the troponin and BNP testing markets, the numbers just don't work for me right now.

Please read more here:
Trinity Biotech Getting A Head-Of-The-Class Multiple

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