BMRA (Biomerica) Message Board

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Biotech / Medical : BMRA (Biomerica)

BMRA 2.545

-0.7%

Nov 6 3:59 PM EST

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To: Jeffrey L. Henken who wrote (36)	5/15/1997 9:38:00 AM
From: Jonathan Rothschild	of 170

This stock looks like it's finally breaking out. Remember, they recently did a placement at $3 and are still profitable, so they're book value went up. The stock may have been weak due to uncertainty regarding the passing away of the chairman. I understand that much of their revenues come from abroad where they don't have to deal with the FDA. The PSA test results will make this stock pop in a day and people will have wished they had bought in at these prices. The Lancer division is finally turning around; it has been the biggest drag on earnings. Without it, the company would earn over 40 cents per year. Also, Hemagen was up 30% yesterday, which operates in a somewhat similar sector. It could be that the microcap diagnostic cos. are attracting momentum players.

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