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Biotech / Medical : neog - Neogen's E.Coli Test adopted by Japan
NEOG 6.045-1.9%9:38 AM EST

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To: Kramer who wrote (351)9/2/1999 4:39:00 PM
From: Rich Genik  Read Replies (1) of 441
 
Yeah, I remember one of them saying that they don't pursue research or alliances that would produce less than $1M in revenue. Since we're reselling exclusively, the gross profit should be high, say 30-40% of revenue. Subtracting SGA, I can easily see the $0.13 you predict.

Course, this is next year...

I don't see why a company that has consistently grown at 20%+, and consistently beat earnings estimates, is selling at 14.7 PE. It's mind boggling. I'm just hoping is stays here until I get some more coin to put on the table.

Cheers,

Rich
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