בס״ד

Henry Carries His Teeth Home in a Plastic Bag! (HSIC)

Posted on August 24, 2022

This knuckle sandwich is coming at you a day early…


Henry Schein, Inc. (NASDAQ:HSIC) looks after your teeth.

Well, not exactly.

They provide dentists and dental clinics with all the supplies and machinery they require to fleece the tooth-bearing public of their hard-earned dollars.

But they don’t discriminate.

No, no!

Those without teeth – denture wearers, implant buyers and mandibular reconstruction clients – can also watch their money fly out the window.

Earnings Beat, Sales Fail

Enough wise-crackery.  Let’s get to it.

HSIC reported earnings August 2nd and bested Wall Street estimates by four cents – $1.16 instead of $1.12.

But sales were down amid a global downturn in the dental business – due mostly to Batflu concerns that we now know were a complete farce and were orchestrated to fulfill a sinister global depopulation scheme.

But more on the Luciferean Elite another time.

Today, we talk enamel – and its future.

And that future, in our view, is a cavity-ridden, plaque-afflicted bout of halitosis.

Why?

Because when inflation and additional lockdowns and job losses begin to take their toll in the months ahead, and cash is at a premium, people will simply let their teeth go.

Just ask Larry –

Okee Dokee, Smokey!

Let’s look at some fundamentals…

  • To begin, P/E is a perfectly unthreatening 16.31, though that will contract as earnings estimates are revised lower and general market conditions deteriorate (the last several revisions have already been pared lower – the trend is in place).
  • There is no Dividend.
  • Price to Book is 2.90, and
  • Most important, perhaps, is the company’s share buyback plans of up to $400 million announced last week.  This generally occurs in tandem with a swath of insider selling (legally and via the open market, of course, as is the custom – but sneakily) at a price and time of their choosing.

The bigwigs want out, but they don’t want it while the shares are doing a face-plant.

So… pump the stock with the buybacks and sell into ‘strength’.

Look now at the daily chart –

That said, it’s not in our hands…

We plan.  We execute to the best of our ability.  Hashem decides.

May He bring the might of the fearless Soldiers of the House of David to destroy the forces of evil, reinstate the Temple offerings and restore peace and Truth to the world!

And soon…!

Many happy returns!

Matt McAbby

 

Leave a Reply

Your email address will not be published.