PharmChem Laboratories Inc (fka PCHM)

[rosesarefree]

Add Psychmedics to the list of publicly traded companies to use as a comp for analysis. They developed the hair test for drugs of abuse and have been at it for twenty years.


Others I've used in my comp analysis include Quest Diagnostics, Lab Corp of America, Bio Reference Laboratories,

I tweaked that with tiny weightings for Corrections Corp of America and Avalon Correction Services

I'm trying to find SCRAM ankle bracelet companies that measure blood alcohol 24/7.

In the meantime, fair value increased to $0.53, up from $0.46 with Psychmedics. I look at book value, trailing 12 month earnings, and trailing 12 month sales. I can't use forward looking statistics withough management guidance.

GO PCHM