neog - Neogen's E.Coli Test adopted by Japan Message Board

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Biotech / Medical : neog - Neogen's E.Coli Test adopted by Japan

NEOG 6.170

+2.8%

Oct 31 9:30 AM EST

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To: Rich H who wrote (373)	10/2/1999 1:57:00 PM
From: Kramer	Read Replies (1) of 441

1. Last year's quarter was tax free. We will have to wait to see this quarters tax numbers in the SEC filing. 2. Lower revenues - in addition to what you already said, a. sale of their clinical products, which were just basically breaking even on also lowered revenues. b. later harvest are pushing some toxin sales into 2nd quarter, although the good weather especially compared to last year hurts toxin sales. c. Two popular products are in short supply which has caused them to ration. BTW, one of these products is BOT B which is one of their most profitable products. Supply problem for BOT B is that they are waiting for licensing of the Tampa lab in October, which is going to increase their margins even more. 3. What's coming? a. In the conference call it was said that they expect $2 million in sales from BioTrace. So in the next year I expect a 40% profit on that ie: +$800K EBITA. b. Expect a letter of intent on a long awaited acquisition. Maybe by the end of this quarter? We really need this! I sure hope this deal goes! BTW, if you haven't done so, apparently the company needs to have you send in your proxy. It is not that there is proxy fight or anything like that but they just don't have a simple majority -- imagine that, stockholders are bored? :-) You can vote at proxyvote.com or by calling 800-454-8683

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