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Biotech / Medical : Novartis
NVS 126.59+0.9%3:59 PM EST

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To: Sonki who wrote (96)11/11/1997 9:22:00 PM
From: Uncle Mikey  Read Replies (1) of 296
 
I picked up a small position in NVTSY yesterday. I was a bit surprised to see that the PEG, when viewed against next year's earnings, is < 1.

1997 Earnings Est: 2.61
1998 Earnings Est: 3.00

Earnings growth 1997-1998 = roughtly 26.4%
At $78 NVTSY is selling for about PE 23.6

It is extremely difficult to get good info on this company. I jumped in, but with some reservations, because the picture is pretty cloudy.

And I am amazed that a huge company like this would be listed in the "pink sheets.' I think I'll send them an email and say

"Hey....get with the picture here - go NASDAQ!!!!!"

I don't know what the costs would be for a NASDAQ listing, but I bet it would give the stock a 15 - 20% price boost.

Uncle Mikey
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