COH - Cochlear Limited

[chops_a_must]

Quite surprised not to be able to find a thread on this stock.

Anyway, missed out on an entry in the 54s on this this morning. Will wait for a pull back in the near term as the short term down trend continues.

 

[wbooo]

Hi

Looks like we are the only 2 people using this forum with an interest in stocks which go up and stay up, atleast over the longer term. Hope you got your coh at 54 if you did you will be pleased with their results to day I have them on a valuation of between $70 and $75 for fy08. I have been investing in coh forthe last 4 years, originally got in at $24, missed out on their low point of appx 18.80. I will probably hold them for atleast another 2 years since I like both the product and Chris Roberts.

Are you a value investor?

 

[BIG BWACULL]

Hi

Looks like we are the only 2 people using this forum with an interest in stocks which go up and stay up, atleast over the longer term. Hope you got your coh at 54 if you did you will be pleased with their results to day I have them on a valuation of between $70 and $75 for fy08. I have been investing in coh forthe last 4 years, originally got in at $24, missed out on their low point of appx 18.80. I will probably hold them for atleast another 2 years since I like both the product and Chris Roberts.

Are you a value investor?

SOMETIMES YOU HAVE TO SHOUT (Get it cochlear, shouting, hearing aids ) Sorry its not valued input Bye
Up $2.20, 3% trading at $64

 

[chops_a_must]

Hi

Looks like we are the only 2 people using this forum with an interest in stocks which go up and stay up, atleast over the longer term. Hope you got your coh at 54 if you did you will be pleased with their results to day I have them on a valuation of between $70 and $75 for fy08. I have been investing in coh forthe last 4 years, originally got in at $24, missed out on their low point of appx 18.80. I will probably hold them for atleast another 2 years since I like both the product and Chris Roberts.

Are you a value investor?

No, mainly an ethical one. But biotechs generally do well in hard times... And even given the recent downside volatility, this has held up well, and now has an established uptrend.

 

[wbooo]

biotech IDT-results just released

record results just released (supposed to release tommorrow) eps up over 20%.

This company has been restructuring for the last few years and has managed to replace all its old business of generic drugs with a new business sector of new drugs, by providing research and development to the likes of Pfizer, not many analysts cover it, in fact I only know of one, at Macquarie for their high networth clients.

Anyway they have confirmed they expect double digit growth for next year too. Things are looking up.

 

[resourceboom]

I got out last week as I think (hope) that I can use the funds better elsewhere. Very sad, as this was a great share to hold for a few years, after picking up at 18.6

I was concerned they might not be able to keep up the growth, but with dual inplants being done more frequently and the large chinese order, they might, however its still a high p/e. Anyway, all the best to holders!!

 

[Birdster]

I have bumped this to raise awareness to the fact COH has dropped, in a sharp move ever since the half yearly report. Link to ann(s)

http://www.asx.com.au/asx/statistic...oh&timeFrameSearchType=D&releasedDuringCode=3

Never been accused of fully understanding reports and accounts. But I don't see the grim news inbetween the profits and good news, other than losing money because the AUD is stronger.

COH goes XD 25/2 (Mon) .70 yet it falls.

Has anyone heard anything? (sorry, had to put the pun in )

 

[rhinoceros]

So any idea why Cochlear has dropped to 51.46 from almost 80?

Seemed it was growing steadily for a long time - is it a worthwhile buy now?

 

[Judd]

$A v $US nearing parity is hurting profits. Same as CSL. Usually affects all companies which earn most of their money overseas in $US. Nothing abnormal or unusual about it.

 

[ozambersand]

Cochlear has received a warning letter from the US Food and Drug Administration (FDA) relating to its Bone Anchored Solutions (BAS) division’s operations in Gothenburg Sweden - an import alert has been instituted prohibiting the distribution of BAHA products into the US. This had already been flagged as a possibility by the company.

Credit Suisse via FNArena

The broker has reviewed FDA's Section 520(f) relating to the warning letter received by the company banning admission of Baha products into the US and noted that it does not address issues relating to the safety or effectiveness of the device but rather the facilities and controls around manufacturing practices.

Citi via FNArena
This had been mentioned by management and according to most brokers is supposedly not a cause for concern, however it may be contributing to the drop (as well as the exchange rate).

 

[michael_selway]

$A v $US nearing parity is hurting profits. Same as CSL. Usually affects all companies which earn most of their money overseas in $US. Nothing abnormal or unusual about it.

Yeah thats true actually

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 180.1 216.3 255.1 298.8
DPS 125.0 150.0 174.4 205.0

Date: 20/2/2008
Author: Fiona Tyndall
Source: The Australian Financial Review --- Page: 35
Australian hearing device maker, Cochlear, expects to meet its earnings forecastfor 2007-08. It has posted revenue of $A298 million for the six months to 31December 2007, a rise of eight per cent. Its sales in the US were lower thanexpected, prompting a fall in its share price. Analysts believe that thecompany's prospects are good, but there is not likely to be any trigger toimprove its share price in the short-term

Date: 14/2/2008
Author:
Source: The Australian Financial Review --- Page: 34
The Australian dollar was fetching $US0.9040 early in European trading on 13February 2008, compared with $US0.9038 previously. The currency peaked at$US0.9085 amid reports that billionaire Warren Buffett may underwrite several USbond insurers. The dollar was also bolstered by growing speculation that therewill be another increase in Australian interest rates in March. The 15 per centrise in the value of the currency in the last year has affected the earnings oflisted companies such as Cochlear, which has a significant presence in overseasmarkets

thx

MS

 

[Stefan_Sweden]

What is happening with this stock???

It just hit a new record low. (52week)

Why?

I cant find any bad news coming thru...no news at all to be honest.

 

[MRC & Co]

Haven't looked at news (you will find most news on a platform like E-trade) but that volume today was HUGE! On a mother of a downtrend! However, closed off the low of the day, so tomorrow should be very interesting! Another selloff and this one is in trouble!

 

[Fab]

Keeps on falling . No reason in my mind to explain that. Closed under $45 which is a bit worrying. Having said that COH is getting very close to a very very low RSI so will probably bounce back from the sell off that I am assuming will happen tomorrow. Might be a good buying day tomorrow

 

[michael_selway]

Keeps on falling . No reason in my mind to explain that. Closed under $45 which is a bit worrying. Having said that COH is getting very close to a very very low RSI so will probably bounce back from the sell off that I am assuming will happen tomorrow. Might be a good buying day tomorrow

Hi yeah a bit too expenseive still, $40 is about right i think

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 180.1 213.7 249.8 282.5
DPS 125.0 149.5 173.7 194.5

thx

MS

 

[Fab]

Hi yeah a bit too expenseive still, $40 is about right i think

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 180.1 213.7 249.8 282.5
DPS 125.0 149.5 173.7 194.5

thx

MS

Looks like EPS is forecast to grow until 2010 so looks good to me and probably a bit of a defensive stock as well. Interesting that it is almost half the price of its all time high around $80. I can't see why COH would not bounce back at some stage. I think it is being dragged down by the current bearish sentiment

 

[urgalzmine]

Looks like EPS is forecast to grow until 2010 so looks good to me and probably a bit of a defensive stock as well. Interesting that it is almost half the price of its all time high around $80. I can't see why COH would not bounce back at some stage. I think it is being dragged down by the current bearish sentiment

they have got some problems with the high aus dollar cutting their profits and also some patent problems. they had the United States Food and Drug Administration (FDA) send a letter to them in regards to COh products coming out of Sweden to USA.

They all seem to be temporary but we haven't had any updates.

However having said that its sp of $44 is the lowest it ever has been in regards to PE ratio;s

 

[Fab]

Thanks for that update. Dropping again today. The RSI says screaming buy in my opinion. The problem with stock in a downtrend is to know when it will stop.

I still believe COH is a very good stock with high growth potential but short term bad news.

 

[urgalzmine]

Thanks for that update. Dropping again today. The RSI says screaming buy in my opinion. The problem with stock in a downtrend is to know when it will stop.

I still believe COH is a very good stock with high growth potential but short term bad news.

Yeh i agree, but there are so many bargains out there its just ridiculous. I mean have a look at the banks all have PE ratio's around 10 and divs of about 6-7%

 

[nth brisbanite]

Anyone got an update on this stock? Has done well long term, very little debt, still fairly resilient even during the current downturn