NEOG - Neogen, Anybody have any info on this one?? Message Board

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Biotech / Medical : NEOG - Neogen, Anybody have any info on this one??

NEOG 7.060

+1.0%

3:59 PM EST

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To: Kramer who wrote (127)	7/22/1997 5:46:00 PM
From: Gary S. LeBlanc	of 139

I believe fiscal '98 will be the year that the investment community discovers NEOG. Earnings and revenue growth have been excellent. The only drawback that I've seen is the issuance of new stock, then sitting on all that cash. At least they bought Triple Crown which I expect to add $.05 to the bottom line for '98 and probably twice that much in 1999 since the racing industry is on the upswing. Once the market cap exceeds 50 million institutions will start to consider it for purchase. I'm expecting $.48/share in earnings on revenues of 20 million. That equates to a PE ratio of about 17 on a company who's revenues are increasing 25%. We should see $10 this year. What do you think? Holding, Gary S. LeBlanc

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