integral diagnostics, page-2

I wouldn't touch this one.

Previous reports give Integral revenue around $150 m, profit projection looks to be $18.2-21 m
By comparison, CAJ has current year forecast revenue $170 m, profit $17 m and market cap $330 m

Why the larger profit margin for Integral?? I believe that is because, in preparation for the IPO, management has maximised short term profits at the expense of future growth. In addition, the high payout ratio will limit their ability to grow, but give support for a higher IPO price.

I think this will repeat the story we have often seen in companies floated by private equity holders: business has been tuned for short term profits to maximise sale price,