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Biotech / Medical : Biosource International

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To: Robert T. Quasius who wrote (205)	9/15/1997 1:59:00 PM
From: Bob Richmann	of 696

This stock is only undervalued if it does grow at 35%, or at any significant growth rate for that matter. The last two quarters showed virtually NO growth in earnings. Six months ago analysts were also calling for 30-40% growth. The only news that I think will get the stock moving is if they preannounce they're going to beat estimates. I won't get involved with the stock again until the earnings come around, even if this means I have to wait until after earnings are announced. There are a lot of other stocks that are consistently increasing earnings that I'm more comfortable keeping my money in. Although I agree the downside is very limited at this time (couldn't imagine it going below 4.5ish) I think the stock could be stagnant for the forseeable future until they show that they're getting earnings moving in the right direction again. I would think long term (2+ years) it's a pretty safe investment. I'm not trying to rain on anybody's parade, but I don't know why apparently everybody thinks the analysts are going to be right this quarter when they've blown the last two. Good luck to all & I'm not short so if I prove to be wrong I won't begrudge all of you the profits which I didn't participate in.

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