Medical Industries Of America, MIOA Message Board

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Biotech / Medical : Medical Industries Of America, MIOA

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To: Jones who wrote (159)	5/13/1997 6:54:00 PM
From: CO	of 570

Jones, I do own stock. I hope you don't mind if I share my opinion on the stock. MIOA is forecasting a reasonable estimate of their earnings. If you've ever profited from a stock, you'll know it pays to be early. By the time Wall Street discovers two quarters of profitable growth, the heavy hitters will have already positioned themselves and the small investor just gets "crumbs." One recurring theme here is that good management and good long term planning create the opportunity for significant profits. When you look at this stock after two successive quarters of profitable earnings, the stock price will likely have risen dramatically. Foresight pays off in the market. InsideWallStreet projected a Q1 EPS of .10. MIOA posted a .21 per share earnings for the 1st quarter of 1997. Net Revenue is $1,119,926 Net Income $327,081 400% increase over sales for Q ending March 1996 A review of this company from The Swiss Advisory Group board: This is an advisory service to institutions in Europe. The report indicates that there appears to be some computer programming sell targets or limits at $3. A big one at $4 and another at $7. The report suggests that these are traders who bought the stock at .56 area and are going to be taking profits on some of their holdings which is a common trading practice. The technical evaluation by this advisory service indicates that a volume break out that is sustained above the $3dollar area would be necessary to bring this stock to between $4 to $7 dollar range. The report goes on to say that MIOA would need to demonstrate to institutional investors that the company can put together a 2nd Q profit and then an annual profit before the larger institutions would be interested in this company. Many investors were burned on the reverse stock split, so the report suggest institutions will need to see more consistent results over time before they would speculate monies on this security. The report indicated that Travelers has a very small position in this company and continues to pick up stock for a longer term trade. This advisory service concluded that if MIOA can continue to demonstrate that the new business plan will produce profits this year, the company stock has the potential to move to the $20 dollar range. This would bring the stock in line with industry averages according to this report but it most likely will take more then just one quarter of positive earnings. The report suggested to keep an eye on SEC filings to see what institutions are taking a position in this company. SUMMARY on MIOA The industry average P/E is around 20. InsideWallStreet projected a Q1 EPS of .10. It came in at .21. .21 x 4 quarters = .82 That is a P/E of 3.39 (at current Ask price of 2.78) .82 x 20 PE = 16.40 dollar stock !! That's still BELOW what the Swiss Advisory Group suggested. An ULTRA-CONSERVATIVE projection (of just 1/3 of that) puts it at $5.46.... 100% return. As always, nothing is EVER guaranteed! But this looks good to me. I think MIOA is a good buy at 3.50 or below. My prediction on this stock is to possibly see $16.00 by the end of 1997. But even factoring in for unforeseen "bumps," profit taking along the way, and resistance in the $4-7 range... REALISTICALLY... $5.50 to 6.50. Cheryl

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