Nabi (NABI) Message Board

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Non-Tech : Nabi (NABI)

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To: Jeff Dutter who wrote (124)	4/2/1997 7:20:00 PM
From: The BayWatcher	of 354

I agree with Jeff and Tom totally. I also read the recent 10K filing on 3/20/97 by NABI and noted that the number of shares outstanding has fallen from 35.7 Million in September to 34.7M on 3/20/97. Of the 34.7 Million, 33.1 Million are held by non-affiliated entities and individuals. From this, I surmise that growing earnings should bring more institutional buying of a reduced number of outstanding shares, which should mean good news for us. The 10K also discusses the products in development and suggests NABI will have high visibility this year (hopefully much more positive than the March visibility). I also charted NABI back more than 2 years and and saw that last time it was at the current price was December of 1993. I doubt the current price will last very long. I see rock-bottom at 5 if the market downturn continues and would like to squeeze in another purchase at that level. We should be back to 10 within months and maybe even reach the teens this year. NABI's current market capitalization equals their yearly revenues last year. I'm convinced fair value is at least 12.

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