Medical Action Industries (NASDAQ:MDCI)
CAPS Rating:
The Company develops, manufactures, markets and supplies a variety of disposable medical products. It's products are marketed to acute care facilities in domestic and international markets, dental and veterinary offices, out-patient surgery centers.
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Good, low-tech medical supplies company. MDCI sells surgical supplies, especially hazardous waste containment supplies. Revenue and earnings growth are good. On the down side, they have an awful lot of debt. But the debt was incurred for an acquisition of a company, Medegen Medical Products, that manufactures disposable plastic products for the medical market. With my 'outperform' rating, I'm betting the acquisition will pay off.