neog - Neogen's E.Coli Test adopted by Japan Message Board

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Biotech / Medical : neog - Neogen's E.Coli Test adopted by Japan

NEOG 6.410

+7.2%

Nov 7 9:30 AM EST

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To: Brian Johnson who wrote (62)	10/2/1997 5:49:00 PM
From: Rich Genik	of 441

BJ, I think the dynamics have changed as NEOG was "discovered". The two strong up days (over a point each day and then holding the gain) indicates some big buying interest and given the small float, any institutional buying will inflate gains. At this time, I feel fair value at 12-14. Any great surprise, and we could see 17-20 by year end, but I'm not banking on it. For the long term, I can see NEOG reaching $100M (order of magnitude) in revenues in 3-5 years. The ultimate maximum price in todays dollars I would put at $50: i.e. I don't see NEOG running to $100 and splitting 5 for 1. We have a solid company with double digit growth and I expect a nice steady rise. cheers, Rich

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