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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: chirodoc who wrote (1975)8/14/1997 10:09:00 PM
From: Cytokine1   of 9719
 
TECH--Techne Corp:

I am a previous owner of this stock at $17, sold too early at $20. Was impressed with the consistent earnings and that they had a significant position as a provider of biotech raw materials (dare I say "cytokines"?) to other companies for research purposes. They also make hemotology calibrators and controls.

Techne has zero LT debt, just reported FY (June) earnings of 1.12 (beating estimates of 1.08), a 26% increase from last year. 46% of the stock is held by institutions. Five-year revenue growth over 20%, and earnings growth over 30%. About 9.5M shares outstanding. Investor's Business Daily EPS rank of 92.

-------------1997 1996 1995 1994 1993 1992

SALES........... 60.9 54.6 47.7 40.3 28.7 22.3

EARNINGS..... 1.12 .89 .70 .54 .46 .21

PROFIT MAR... 17.9% 15.8% 14% 12.7% 15.3% 9%

P/E................ 27 33 19 19 32 43
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