NEOG - Neogen, Anybody have any info on this one?? Message Board

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Biotech / Medical : NEOG - Neogen, Anybody have any info on this one??

NEOG 10.80

+2.0%

Feb 6 9:30 AM EST

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To: Roger Gliedt who wrote (46)	12/18/1996 3:01:00 PM
From: Rich Genik	of 139

Yee-Haw! You got to like the fact that sales went up $500k and profits went up $300k. Profits up over 200%, 0.08 vs. 0.03, even with the dilution of 1.5M new shares. Here is what I really like: "James Herbert, Neogen president and CEO said, "Increases in sales of diagnostic tests to detect bacteria such as E. coli O157:H7 and salmonella also contributed to the strong revenue growth." Sales of these products to the meat, poultry and egg markets in the second quarter and for the first six months were more than triple the prior year." This is great news because the grain and nut markets are seasonal (although exports have helped reduce seasonality) but the market for these products isn't; we kill cows all year long. With the growth in this market, I could envision $0.30 for the current FY (which is 97. Because of the seasonality, NEOG changed it's FY to end May 31 several years ago.) Anyone know if First Call has updated their numbers? I just love it when a plan comes together. Maybe I should quit school and be a stock analyst:-) 'da Richman

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