Caliper CMG Stake technologies where to invest your million dollars
- This is a preview of the essay.
To view the full text you must login!
Question 1
Introduction
Going through a detailed review of the 3 companies in question I have decided that Stake technologies is the best buy among the three and it's where the inheritance of $1,000,000 from my dear uncle should be invested. It is worth to mention that my valuation decision took into account not only numbers from the various available income statements but also looking at the fundamentals of each business and trying to understand its long term growth possibilities.
Caliper technologies is a provider of the micro-fluidic lab-on-a-chip technology (LOC) and a giant owner of many intellectual properties (139 issued patents, 29 allowed and 169 applications pending). Using the LabChip technologies coupled with exclusive licences on many purchased or in-house inventions, Caliper looks ready for long term growth.
Caliper in action- What's behind the LOC and many patents.
Some Facts
NASDAQ: CALP
Closing Stock Price (as of April 10, 2003) = 3.30
Share Volume = 656,774
Currently it has 24,000,000 shares of stock outstanding.
Never paid cash dividends
IPO (12/99) of 4,500,000 shares at a price of $16.00 per share; net proceeds of $75.9M
Annual sales amount to $1...