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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (28072)	2/13/2002 2:52:30 PM
From: Crossy	Read Replies (1) of 29382

re: NBSC Sergio, I'd like to add NBSC to the Yeehaw portfolio - NasdaqNM: NBSC, New Brunswick scientific, makes laboratory and biotech equipment trading around $5.85. The company turned the corner last year and became stunningly profitable now. Today they posted EPS for Q4 of $0.27. Apart from this they own an interest in a biotech firm named DGI but are not controlling it anymore. They wrote down this asset to zero. Only upside from this corner. And DGI has significant partnerships with bellwethers going on.. Sector is quite ok, actually there's a shortage in contract manufacturers, lab equipment etc. which should handily translate into a formidable boost to their suppliers like NBSC. The biggest fish in this pond is obviously FSH but NBSC looks way more attractive to me TA wise NBSC broke out from its downtrend this winter and consolidated around the $5-6 level recently. Looks like "taking breath" to me <g> Valuation is also very favourable to industry multiples: biz.yahoo.com If you assume $0.25 per quarter EPS on a going forward basis you arrive at a forward PE for FY2002 of 5.90. Price/Sales at 0.68 (TTM). Implied PSR is even better, around 0.5. Debt/Equity is 0.30. If NBSC gets down its debt levels further additional earnings can be generated in excess of any top line growth. Market cap of $40m puts NBSC into the smallcap category, in line with their number of outstanding shares: 6.75millon. The company today announced their stellar quarter alongside a 10% stock divident payable in APRIL. cheers CROSSY

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