Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • Steris may be Obama Care recipient 4 comments
    Dec 17, 2010 1:40 PM | about stocks: STE
     This morning I added Steris Corp (STE) to the Barchart Van Meerten New High portfolio.  Steris is a leading provider of infection prevention, contamination prevention, and surgical support systems, products, services, and technologies to healthcare, scientific, research, and industrial Customers throughout the world. The Company has over 4,000 Associates (employees) worldwide, including more than 1,200 direct sales, service, and field support personnel. Customer Support facilities are located in major global market centers with manufacturing operations in theUnited States, Canada, Germany, and Finland.

    I bought it for price trends but it just might be an Obama Care recipient.

    The stock is on a a tear with a 96% Barchart technical buy signal. It was up in 16 of the last 20 session, 5 of the last 5 and up 12.21% in the last month.  It trades around 37.93 and has a Relative Strength Index of 72.59% and rising.

    Wall Street analysts approve and have published 5 buy and 2 hold reports.  They predict a 5.50% increase in sales and 11.70% increase in earnings next year with a 10.00% increase in EPS to be expected annually for at least 5 years.

    The general investing public as expressed by Motley Fool CAPS members think the stock will beat the market by a vote of 86 to 14 with the more experienced All Stars voting 31 to 1.  Fool notes that of the 10 articles recently written about the company only 1 has been negative.

    I bought the stock because:

    • 96% Barchart technical buy singal
    • 16 new highs and up 12.21% in the last month
    • Wall Street predicts double digit increases in EPS for the next 5 years
    • Investor sentiment is positive
    Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.

    Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog. 


    Disclosure: I am long STE.
    Stocks: STE
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (4)
Track new comments
  • Jim any opinions on (mt)....... Stock looks like it's going towards 52 week high in the near future....... I'm concerned about the lack of growth...... and this talk about Aperam..... It appears they have some good things happening??
    19 Dec 2010, 09:03 PM Reply Like
  • Author’s reply » I like it:

     

    www.barchart.com/quote...
    21 Dec 2010, 12:37 PM Reply Like
  • Short and to the point JIM...... I like your analysis on the infrastructure play ....... I was looking at (vsec)...... Do they have any exposure around the Globe.... It's approaching it's 50 Dma....
    21 Dec 2010, 12:45 PM Reply Like
  • Author’s reply » I use Barchart and Value line
    21 Dec 2010, 12:52 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • $ATO - 100% Barchart technical buy signals - 12 new highs and up 7.65% in the last month - Relative Strength Index 73.58%
    7 days ago
  • Atmos Energy - Barchart's Chart Of The Day $ATO http://seekingalpha.com/p/1omct
    7 days ago
  • $HPT - 100% BArchart technical buy signals - 11 new highs and up 7.87% in the last month - Relative strength Index 73.43%
    7 days ago
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.