Martek Biosciences---- future biotech cash cow! Message Board

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Biotech / Medical : Martek Biosciences---- future biotech cash cow!

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To: bill small who started this subject	7/22/2004 12:03:58 PM
From: Asymmetric	Read Replies (1) of 258

Martek Down 8%. $44.72 (-3.95) Martek getting close to a buy here. Will look to re-establish a position at or under $40. Chart looks ugly (but with the relentless general sell-off, all but a very few stocks have ugly looking charts.) Of course, the best thing is to wait for an uptrend. Value in this market has a way of becoming an even better value the next day. Stock down from a high of $70+ in early May. Just watching and waiting at this point. Here is a S&P report from June 14, 2004: S&P Says Accumulate Martek Biosciences Also: analysts' opinions on Orient Express and Heartland Express. Plus more... Martek Biosciences (MATK ): Maintains 4 STARS (accumulate) Analyst: Markos Kaminis We believe Martek's supplier problem will impact fiscal third quarter and fourth quarter cash flows more than we had forecasted, but that capacity should be in place to meet demand in fiscal 2005 (Oct.). We are reducing our fiscal 2004 EPS estimate to 77 cents, from $1.03, and fiscal 2005's to $2.83 from $2.87. Within our discounted cash flow model, we find intrinsic value benefiting more from nearing larger cash flows than being hurt by recent weakness. Based largely on our discounted cash flow model, we are raising our 12-month target price to $77 from $75. We continue to find these high-beta shares attractive. Good luck to all. Peter.

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