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Biotech / Medical : Biotech & Pharma.T.A,

BIB 80.83

0.0%

Jan 16 4:00 PM EST

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To: Jibacoa who wrote (599)	7/29/2004 2:55:00 PM
From: Jibacoa	of 3722

TARO Had another good down-gap today (previous one was on April 29) after it reported a loss for the 2ndQ of $0.31 vs. $0.50 on the black column in 2003.<g> It announced today that the FDA gave approval for its for fluconazole tablets, an anti-fungal which competes with PFE's Diflucan. The EE for 2004 are still above $2 and around $2.80 for 2005. That brings the PE for TARO down to 10, but although the stock has recovered some from this morning's Ls,its probably better to wait and see wether it will be able to close today's down-gap.<g> bigcharts.marketwatch.com Bernard

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