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Non-Tech : Nabi (NABI)

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To: Lenny W. who wrote (142)	4/24/1997 4:41:00 PM
From: The BayWatcher	of 354

NABI reported .04 net income for the quarter and gave all sorts of excuses on timing of product deliveries, etc... They said plasma business is booming, research and development expenses fell from same quarter year ago, which was also .04 excluding a .03 charge resulting in .01 earnings last year. So, NABI if all is going well, I must respectfuly ask that you to SHOW ME THE MONEY! The bottom line is that the result is .03 lower than estimates and more than a whopping 40% short. Given how beaten up the stock is, I doubt it will fall below 6. On the other hand, there is no reason for it to trade at 9-10 anytime soon. It will be interesting to see how much volume there is tomorrow. :-(

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