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Biotech / Medical : Biosource International

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To: mojave who wrote (125)	5/29/1997 10:53:00 AM
From: Joe Howard	of 696

Just a thought on the financial side....if BIOI is comfortable with estimates of .54 and they actually make that number, the stock today is trading at a forward PE of 13.89! ($7.50/.54) Stock price still seems underpriced codsidering: cash, new products potential revenues, and existing revenues that produce PE's of <14, even without new R & D. Looks very attractive in the low 7's. Downside of course is that new products don't gain market acceptance etc., etc. But there's no basis for that speculation yet. I guess any positive R & D at this point is gravy, due to the solid underlying business and earnings already being generated. Anyone have any dirt, negatives, or downside for BIOI? To me everything is looking pretty good. I just wish the market would notice. Joe

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