Novacare (NOV) breaking out... Message Board

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Biotech / Medical : Novacare (NOV) breaking out...

NOV 15.84

+1.1%

11:16 AM EST

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To: Barry Dryer who wrote (140)	10/4/1997 5:54:00 PM
From: Todd D. Wiener	of 420

Barry- I expect NOV to report .20 for Q1 1998. Revenues could be about $365 million. That would be a 67% increase in EPS, and a 75% increase in revenues from Q1 1997. In the quarters following the NCES IPO, NOV will continue to report 77% of NCES revenues and income as part of NOV's results, because NOV will own 77% of NCES. Also, NOV's assets and book value should increase due to the IPO of NCES, although it depends how NOV accounts for the asset value of its NCES investment. Todd

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