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Biotech / Medical : Aronex Pharma (ARNX)

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To: P.M.Freedman who wrote (38)	7/28/1997 5:50:00 PM
From: Steve Becker	of 320

Zacks was the most negative figure. So Aronex met the median and beat the mean. I'll take it. FIRST CALL EARNINGS ESTIMATES ARNX Aronex Pharmaceuticals Inc. 06/16/97 Industry: Biotechnology SIC: 2834 Latest Price: $4.06 1997 P/E: - Analyst Recommendation: 1.7 QTR QTR FY FY Jun 97 Sep 97 Dec 97 Dec 98 CURRENT MEAN EPS -0.24 -0.26 -0.92 -0.84 Number of Brokers 3 2 3 3 Median -0.22 -0.26 -1.00 -0.85 Standard Deviation 0.05 0.07 0.25 0.19 Current High -0.19 -0.19 -0.58 -0.60 Current Low -0.30 -0.33 -1.17 -1.07 Year Ago EPS -0.19A -0.14A -0.62A -0.92 I was lucky. I didn't know about ARNX until it dropped below $5 when a friend with a cost basis of $7 pointed it out. I got in at $4 3/8, sold a third at 4 7/8 and bought back more at 3 5/16. I'm looking to sell the second purchase at 4 3/4. My original purchase is for a long term hold. I am generally a short term trader but this one looks like it is worth holding for the long term. Steve

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