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Microcap & Penny Stocks : ABTX - Agribiotech

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To: ARCHIE P. who wrote (1333)12/15/1997 11:11:00 AM
From: Alex Greenland  Read Replies (1) of 8359
 
To All:
RESEARCH ALERT - AgriBioTech EPS view up

CHICAGO, Dec 15 (Reuters) - Dain Bosworth analyst Bonnie Wittenburg said Monday she raised her earnings estimate for AgriBioTech Inc for fiscal 1998 to a
profit of $0.25 a share from $0.17, compared with a loss in fiscal 1997 of $0.17 a share.

-- She also increased her fiscal 1999 estimate to a profit of $0.45 a share from $0.28.

-- Wittenburg said estimates were increased due to recent acquisition activity.

-- She reiterated a strong buy rating on AgriBioTech, which is a specialized distributor of forage and turf grass seed.
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