Futuremed Healthcare Products Corporation T.FMD

Long term hold anyone?

[FrogEyes]

Jamie Horvat was on BNN Market Call last week and said that he had sold his position in FMD.  He said that he had recommended the stock when he was focussed on preservation of capital and sold when he switched his investments to inflation protection.  He also said that the company missed its growth objectives when they lost a higher margin product.

From the volume, it looks like there's another insititution that is giving up on this one. 

Rapidfire, for all the reasons that you outlined in your post, it'll be a while before this one sees $10 again.  That being said I have been picking away on this one (Gulp) as it falls and I hope that 6.25 was the low.

Also it didn't help that National Bank's analyst increased his target from $6.50 to $7.50 when it was already at about $7.50.  So he doesn't think it can grow much either. Hopefully it was National's report that spurred the selling and not any rumours of a deal to fund an acquisition.

[Michael98]

I am not concerned with the share price, as long as it keeps this yield, in a few years my Net Cost will be zero and the cash flow will continue.Raymond Stone is almost 70, not sure who will be next, but my guess is that FMD will be for sale soon, Stone will take his money and run.FMD was built on one small product line, Stone really has done a remarkeable job, not the nicest guy I have ever met

[6nplus]

said it before this is a bad bad situation here.  Have any of you seen the pricing from Futuremed?  There are a lot of basic items that they are quoting 1yr to 18 months out.  I dont know about you but the inflationary pressures are killing us in our business.  The only defence we have is our ability to pass this on to the customer.  The question is, if the cost of

[rapid_fire_]

This post has been removed in accordance with Community Policy

[Michael98]

FMD sources much of its'supplies from China and the U.S which means that its' costs go down as the $CDN goes up, so this extra % goes straight to the bottom line.I don't like Stone, but I respect his business acumen, the only thing that concerns me is that he is strictly in it for himself,I.M.O,  what course of action He takes may help him, not so sure about us.I am holding but