AI
Tuesday, October 16, 2007 12:38:52 PM
re: BLTI looking tempting
Spent some time at their big booth at the ADA convention in SF week before last, and had conversations with several of their top sales people brought in for the occasion. Bottom line: sales in Canada are fairly resilient; sales in the US have been weakening significantly. There was a whiff of desperation there.
From a pure trading standpoint, perhaps BLTI is offering up an opportunity. From a fundamental standpoint, it's a sub-par business, with poor management, and a reputation in the industry as a little shady/sleazy. Given the conservative nature of the industry, that matters. Meanwhile, there are companies like Dentsply that stick to their knitting, run quality operations and have been piling up steady long-term returns in an industry with fairly attractive secular growth.
Spent some time at their big booth at the ADA convention in SF week before last, and had conversations with several of their top sales people brought in for the occasion. Bottom line: sales in Canada are fairly resilient; sales in the US have been weakening significantly. There was a whiff of desperation there.
From a pure trading standpoint, perhaps BLTI is offering up an opportunity. From a fundamental standpoint, it's a sub-par business, with poor management, and a reputation in the industry as a little shady/sleazy. Given the conservative nature of the industry, that matters. Meanwhile, there are companies like Dentsply that stick to their knitting, run quality operations and have been piling up steady long-term returns in an industry with fairly attractive secular growth.
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