Market Talk with Piranha: September 2004

Market Talk with Piranha

This blog serves as an internet community that aims to teach investors how think about investing by providing detailed market analysis using both fundamental and technical analysis. I invest my money by using solid rules that incorporate money management techniques such as position sizing, expectancies and cutting losses short! Through my philosophy and writings, I hope investors of all kind will be able to create their own methods and styles to become successful.

Wednesday, September 22, 2004

ELOS - Syneron Medical Ltd

...Industry Group: Medical-Systems/Equip

Market Cap - $347.78
PEG Ratio (5 yr) - 0.70
P/E Ratio (fwd) – 13.90

ROE – 68%

75% held by insiders
21 million shares outstanding
5 million float

Stock IPO on August 6th 2004 at $12.00

3 yr EPS – 539%
3 yr Sales – 351%

I decided to post this stock because it has so many similar characteristics of ELAB when that stock first debuted on the markets as an IPO a few years back. I owned ELAB and made a healthy profit.

Remember, things repeat themselves in the market and I see many similarities. This is by no means a recommendation to buy but keep this one on your watch list.

I did not post a chart with technical analysis because the stock has only been listed for one month – too short a time to establish a common pattern.

NOTE: the stock does have a high pole warning on the P&F – this is negative. I like the potential longer term 6-12 months minimum. ELAB took 2 years to establish its tremendous run.

I am looking to establish a position (longer term than my usual technical buys). I hope emotions are controlling me here since I had that relationship with ELAB. I'll keep my selling trigger tight if things go south.

Piranha