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Biotech / Medical : Schick Technologies (SCHK)

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To: EURO who wrote (58)	4/22/1998 10:54:00 PM
From: Steve Rolfe	Read Replies (1) of 83

Also from Pacific Growth Equities:(April 8th) Schick Technologies, Inc. (SCHK:Nasdaq) $26.88 CDR (dental) sales continue to be robust in a relatively flat seasonal quarter. accuDEXA sales are showing that the initial product launch is a success. Our estimate in revenue for both CDR and accuDEXA sales appear low going forward. Schick still expects to partner its spot mammography device to distribution partners, and it could hit the market by CY:98. We recently raised our revenue and EPS estimates for FY:98-FY:00 to $39.2 million, $71.0 million and $101.1 million. Corresponding EPS estimates (all fully taxed) were raised to $0.23, $0.78 and $1.26. Our model still assumes no U.S. military sales, no panoramic option sales, and no full scale mammography system sales. Estimate revisions are based on the robust sales of both dental and accuDEXA systems. Investors should become more comfortable with the greater visibility into forecasts for FY:99 and FY:00, leading to a stock price that grows in line with the Company's 50-100% growth rate. Our 12-18 month target price is $50 per share. Strong Buy.

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