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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Rashid Garuba who wrote (1911)8/11/1997 4:53:00 PM
From: JKraft   of 79324
 
Rashid:

>>Good to see you're having fun with ABTX. Has Doug reviewed it? What's the story?<<

Rashid - Nice story on ABTX - Niche market - CEO is a geneticist with desire to collect many grass/turf/forage seed companies to combine a large fragmented non-corporate family business type industry into a very efficient seed co with a huge chunk of the seed sector - to be another Pioneer, perhaps distribute for Monsanto. They have collected 13 companies in past 2 years - each acquisition adds rev. They have no known competitors. Very high inside ownership. They all believe in the co. The stock is used to buy more companies and the companies bought usually keep the stock!

They had first positive earnings last Qtr - but will have positive year next year of est 17 - 27 Cents/sh. They will surpass Mycogen in rev. by Sept. or Oct. @ 150,000 - 200,000. Mycogen had a high of $25 this year with no net profi, 150,000 revs.. I have followed this co. 1 year, and bought in Apr. As the year continues, the plan comes together on schedule. This gem could be a $20 stock in a year, $40 - $60 in 4 years.

Yes, Doug reviewed it and said it looks very strong - to go to 9 - 12 by September!
Regards, Joanie
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