an example of "trickle down"......
www2.marketwatch.com
What subsector is hot? Genomics!! Does genomics require shakers? Does it require ultralow freezers?
What other subsector is hot? Proteomics!!
dgibt.com
Sigh. I must be missing something.......
Wednesday, June 21, 2000
--3:07 pm Analyst bullish on BIOI
BioSource International Inc. (BIOI: news, msgs) is soaring 5 11/16, or 50.6 percent, to 16 15/16. Paul Knight, an analyst
with Thomas Weisel, issued a note this morning stating that a survey by the firm found that exports of mass spectrometers rose
40 percent in March, a bullish sign for BioSource, which produces immunological reagents, test kits and oligonucleotides used
in biomedical research. "We believe BioSurce is a primary beneficiary of this protein demand as about 60 percent of the
company is in protein," Knight's note reads. Knight theorizes that BioSource could prosper as new genes are discovered and
drug development accelerates in genomics. Knight, who has a 12-month price target of $19.25 on the stock, said BioSource
has indicated that demand for its synthetic DNA products is at its highest level ever. He also notes that better-than-expected
growth could result from pending orders for the company's Beta-Amaloid product, a protein molecule linked to Alzheimer's
disease, which was introduced in February. The Camarillo, Calif., firm declined comment on the price movement. Knight
initiated coverage of BioSource with a "strong buy" rating on June 14. |
