Friday, June 22, 2007

This round's pick: PMTI


As you know, in keeping with the LBTBTM strategy, roughly every two weeks I pick up another stock, with the intention of holding for approximately a year. This time around, it's Palomar Medical Technologies, which makes lasers for cosmetic use (hair remove, varicose veins).

Their market cap is about $645M, and the MFI screener calculates their pre-tax earnings yield at 8%, and their pre-tax return on capital at over 100%.

My current holdings are posted here, and my 1-year performance (as of today) is at right. More details on how that performance is caluclated is available from the FolioFN site.

P.S. -- Don't forget the fine print.

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