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Biotech / Medical : CLZR:a potential 10 bagger?

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To: Bruce A. Brotnov who wrote (241)1/3/2000 11:43:00 PM
From: John McCarthy  Read Replies (1) of 315
 
Bruce ......

We have to clarify something ..........

(1) All 4 Analysts following CLZR include in their estimates a
Tax Provision Rate of 35% or 38%.

(2) All CLZR *Reported Earnings* use an actual rate of 20%.

Note:As stated by CLZR mgt. this will be true for the entire
fiscal year 2000.

(3) Consequently, whenever you *compare* actual earnings with
analsts estimates - you have to convert one or the other to
the same Tax Rate to get an apples to apples comparison.

Just comparing CLZR *reported earnings* versus analysts estimates
will lead to an *erroneous conclusion*.

i.e. CLZR *reported earnings* will ALWAYS BE HIGHER ...

(4) For the last 3 quarters - even on an apples to apples basis - CLZR has beaten analysts' estimates.

(5) The *significance* of the Whisper Number of $0.55 is the
following:

It implies RECORD SALES ...........

And the significance of that is .........

It implies FUTURE RECORD SALES ........

Q2 is CLZR's 3rd *weakest* quarter.

For us (if it should happen) to be pulling record sales this
early in the seasonalized season MEANS that those EXCLUSIVE
distribution channels .....

a - Brazil
b - PSSI
c - Electrologists

have began to kick in, and kicked in EARLIER than I thought.

Lastly, here is a post from Yahoo. It includes estimates for
Q2 by two folks and myself. Please *note* that one of the
contributor is estimating $0.57.

messages.yahoo.com

regards,
John McCarthy
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