Finally, on April 28, 2006, I posted AngioDynamics (ANGO) on Stock Picks Bob's Advice when the stock was trading at $30.24. ANGO closed at $20.76 on October 19, 2007, for a loss of $(9.48) or (31.3)% since posting.
Looking at the 'point & figure' chart on AngioDynamics from StockCharts.com, we can see the sideways move of this stock which has recently shown some strength breaking through resistance lines.
On October 1, 2007, AngioDynamics (ANGO) reported 1st quarter 2008 results. For the quarter ended August 31, 2007, sales came in at $37.5 million an 85% increase over the $20.3 million reported in the prior year. Net income grew 25% to $2.4 million from $1.9 million. However, GAAP earnings per share actually decreased 17% to $.10/share from $.12/share attributed to the dilution of earnings related to the January, 2007 acquision of RITA Medical Systems.
The Morningstar.com "5-Yr Restated" is fair with strong revenue growth but earnings turning negative and free cash flow dropping to $-0- in the TTM. The balance sheet is solid.
In light of the marginally positive price chart, the solid revenue growth but decrease in earnings, and the marginal Morningstar.com report, the best I can come up with is
ANGIODYNAMICS (ANGO) IS RATED A HOLD
So how did I do with these three stocks from last year? With one stock with a small gain and the two others cancelling each other out with a moderate gain and a moderate loss, the overall average was a little bit negative at (.03)% since purchase. Essentially it was a wash!
Anyhow, thanks for visiting! I hope you find my continued reviews helpful. I am concerned about the health of the market but shall continue to implement my trading and portfolio management and let my own stocks talk to me and tell me what I need to do!
If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com. If you get a chance, drop by and visit my Stock Picks Podcast website , my Covestor Page which reviews my actual trading portfolio, and my SocialPicks page which has begun summarizing all of my picks since January, 2007.
Have a wonderful Saturday evening and a good Sunday!
Bob
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$20.54 (10/20/07)
