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Rod Raynovich
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Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 35 years executive experience including Abbott and JNJ and has been involved three successful start-ups. Before starting Raygent and other companies he was also a... More
My company:
Raygent Capital
My blog:
Raygent.com,Rayno Life Science
  • Rayno DX And Tools: Trading Pick Of The Day Trinity Biotech (TRIB)  0 comments
    Apr 28, 2014 11:08 AM | about stocks: TRIB

    Trinity Biotech (TRIB $24.90), a Buy Around $25

    Barron's published an article over the weekend recommending Trinity Biotech plc, an Irish diagnostic Company focused in point of care (POC) and clinical laboratory diagnostic tests. We agree with the article and will provide a follow-up review this week. Trinity Biotech tests are for infectious diseases, diabetes monitoring and liver and kidney diseases.

    Although the stock has a high PE of around 56, the forward PE is only 20 and the P/S is 6. The stock shows good downside support at $24. The Irish domicile offers a good opportunity for acquisitions of U.S. companies.

    Disclosure: we are long TRIB.

    Disclosure: I am long TRIB.

    Stocks: TRIB
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