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Biotech / Medical : Biosource International

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To: Joe Dancy who wrote (179)8/29/1997 2:23:00 PM
From: Peter H. Mack   of 696
 
Joe.. Thank you for this post.

I have been sitting on this issue for some time and was disappointed
when they announced their international exchange problems.

A look back through the years reveals that they have historically run at a P/E of approximately 19. This can be seen by calculating quarter closing prices vs Announced EPS. I have in my projections then felt that they will probably blip up to that in the near future when we have a happy market in general. (October announcements for sept closings probably). Meanwhile it was obvious some time ago that the analysts weren't paying much attention as it was obvious that the correct projection was .45-6 EPS some time ago.. We are now running at P/E of 16 and a forward P/E of 13.. The downside is small and the upside is certain.. sometime.. Thanks again.

regards
pete mack
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