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Biotech / Medical : North American Vaccine

NVX 1.140

-16.2%

Jan 16 9:30 AM EST

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To: Don W Stone who wrote (274)	2/11/1998 8:31:00 AM
From: Rick Strange	Read Replies (1) of 507

I wouldn't put too much faith in analyst earnings estimates regarding NVX. They have never been close to reality in the past. They play the game of maintaining optimistic estimates until a few days before earning come out then radically revising their estimates downward. Case in point, the two most recent changes indicate NVX -$1.38 for FY 97. The other two are showing only slight losses but they too will play the game and drop their numbers just before earning are released. The most recent 98 estimate shows a -$0.30. If you doubt my word check it out with Zacks.

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