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Biotech / Medical : Synbiotics Corp.
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To: E.J. Neitz Jr who wrote (23)2/24/1998 10:58:00 PM
From: Forbes Little  Read Replies (1) of 37
 
I like this company too but I'm not sure its all that cheap. The p/e of three is based on a one-time gain and a big tax benefit amounting to over a $1 per share in the Dec 96 quarter. The p/e after the pending Dec 97 earnings announcement will be more like 10 (if we are lucky). There could be some one-time merger related writeoffs that will make things look worse this quarter. The revenue growth rate looks good but we may have to wait a bit for earnings to show up.

Separate item - the company web site is finally up. synbiotics.com
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