BRLI is the largest independent clinical lab in the New York area and provides services in 17 states. The stock currently trades at 1 11/16 and sells for a p/e of just 9. Here is a copy of the last earnings report from 9/15:
3 Mos. to July 31: 1997 1996 Revenues 9,814 8,928 Net bef. tax 413 280 Income tax 46 --- Net income 367 280 *Sh. earns. $0.05 $0.05 9 Mos.: Revenues 29,064 25,912 Net bef. tax 943 376 Income tax 53 49 Net income 890 327 *Sh. earns. $0.14 $0.06
BRLI is expected to release their next earnings report in the next two weeks. I would expect that the company could easily trade for 5-6 dollars based on valuation alone. The company is not very well followed but is rapidly growing in an important biotechnology area. |