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Biotech / Medical : Biosource International

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To: James Hutton who wrote (430)3/5/1998 9:48:00 PM
From: Joe Dancy  Read Replies (1) of 696
 
I know they gave a reason for revenue but I can't recall - maybe some talk about seasonality or something. It was an important point I missed, sorry.

The company did indicate it would be aggressive in the buyback - with 14 million outstanding if I recall that is thinly traded a 800,000 buyback may move this baby. Then again, maybe not.

Longer term I think they are moving in the right direction, but you may be correct in that there may be better plays while they get their act together. Then again, the price reflects your assessment that they have missed earnings estimates.

I'm kicking myself over a few beers that I didn't ask them why they fell 3 cents short of Zack's consensus earnings. Would have liked to see how they responded as well as how they spun the facts in the answer. Would have been a great question - Mr. Chamberlain, did the analysts screw up here or did you? :)

Best - Joe
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