Wednesday, November 20, 2013

Judges Scientific II

I wrote about Judges Scientific last year.  The stock is up quite a bit, yes, but is still a bit misunderestimated

It is trading at ~13x its underlying earnings even though the company has been reinvesting most its retained earnings at  37% rates of return.

The acquisition of Scientifica doesn't show up in the last interim financials. That could be why.

Disclosure: No position

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