T/FIF, a New Plateau Message Board

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Biotech / Medical : T/FIF, a New Plateau

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To: scaram(o)uche who wrote (243)	9/6/2000 5:16:12 PM
From: tuck	Read Replies (1) of 2243

Rick, Talked to Charlie Fowler of NZYM's IR a little while ago. He says they are currently running 5 day, 24 hour shifts. He cautioned not to read too much into that. However, FWIW, the stock's highwater mark came when it was running 24/7. It tripled in a few months. That was at a time when their capacity was significantly smaller. I don't think many shares have been added to the float, as the capacity addition was financed via retained earnings, and the company has been modestly profitable most of the time. He thinks recent volume is attributable to Ragen McKenzie's upgrade from hold to accumulate recently. He says the R-M analyst doesn't talk to the company much, and theorized the upgrade might have been issued because the company stock was near book value this summer. He also said the hold had been on for some time -- I think all year and some of last year -- so now that the upgrade has popped $3 resistance, the low 3s makes a plausible buying target, IMO. Also happens to be the price of some recent insider buying. I wouldn't expect much more news flow for a couple of months, so one can probably wait for more favorable seasonality. Cheers, Tuck

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