Nabi (NABI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Nabi (NABI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The BayWatcher who wrote (152)	4/25/1997 5:45:00 PM
From: The BayWatcher	of 354

Talk of calling today's market action right on the money, NABI closed exactly at 6 as I predicted and found support at 5 7/8. Unfortunately, being correct hurt financially. FYI, Raymond James downgraded NABI to accumulate from buy today. I also heard the conference call thanks to the phone number supplied by Tom D. Gury did say that the shortfall in product sales will be made up in subsequent quarters and led everyone to think that NABI will improve on its 1st quarter throughout the year. W/ re: to the HBIG question I had in my earlier post, it was answered in the call by Gury saying that NABI has not yet filed but will file w/FDA by end of year and he expects approval in 1998. He also said he expects the Boca lab to be licensed in 1998. The call was not negative at all and the results although lower than desired were not horrible. If you think about it, the net earnings improvement from .01 to .04 will translate into a more favorable P/E ratio especially since price is coming down and earnings are going up. Looks like we'll be stuck in the 6-7 range for a bit. Good luck to all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next