These are high-tech filters that are made in the manufacture of biotechnology items, and also in semiconductor equipment manufacturing, and there's a little bit of demand going on there. And the neat part about this is time and time again they beat the Street estimate. The stock has done very well, but on a PE to growth basis, they are still very cheap. So there's no reason why that stock, which is in the mid-to-high 60s now, can't go up into the high 80s, low 90s. Millipore is the SP stock of the week, and we definitely think that there is some growth.
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I think by the time we get to the fourth quarter and next year, things are going to get a lot better.David Braverman
They're pricey, but on the other hand, that's where you're going to get the good growth and good earnings.
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I think there's a little bit of negative sentiment in the market. Back-to-school sales at retailers were not especially great, and that put a little damper on things. People start focusing on valuations, which is an old story. But valuations are still, you know, pretty high,
David Braverman
Its a great story, turning profitable now, ... Their pricing is improving. We look for next year (for the company to post) about 1.80 (a share) in earnings -- about 3 in the following year. So its a very timely item here.
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The warehouse club concept seems to be fairly transportable, ... They're even going to build a warehouse in Taipei. They're now going to provide Internet service in conjunction with Microsoft at 11.99 a month. All of that keeps Costco's membership fairly stable and keeps their renewal rates very high.
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It could mean a substantial reduction of global trade, ... That could lead to new energy shortages and affect a wide variety of imports and exports, particularly manufactured goods from the Pacific Basin.
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