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Biotech / Medical : Martek Biosciences---- future biotech cash cow!

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To: bill small who wrote (12)3/8/1996 5:43:00 AM
From: Asymmetric   of 258
 
Jones Medical has basically doubled in price over the last two months. It's price at present is $38/sh. It split 3 for 2 on March 1, and raised it's quarterly dividend to boot. In Jan. analyst coverage was initiated by Robertson Stephenson, Donald Ellis with a buy, propelling the stock upward +$3 a share to about $26 and change. They've carved a strong niche for themselves in the critical pharmaceutical market with lead product Thrombin showing the way to record earnings in 1995. This area comprises 45% of their revenues (and growing obviously), and is the area exciting most investors. They also make vitamins & nutritional supplements for the other 55%. You can find a writeup on them at researchmag.com. At their present pe of 43 I wouldn't touch it....it's too expensive for me. When they started their march up, they jumped so fast, and their pullbacks were so brief, that I didn't have much of a chance to get in on the cheap.
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