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Biotech / Medical : Trinity Biotech (TRIBY)

TRIB 0.820

-6.8%

Jan 30 9:30 AM EST

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To: AgAuUSA who wrote (8514)	3/12/1998 12:44:00 PM
From: Scott H. Davis	Read Replies (1) of 14328

Greg, 4.50 is probably overkill. Projecting current PE of 33 * .09 yields 2.97. Add in an additional pop from and FDA approval or a good SLF announcement and maybe you get $3.50, but that's pushing it. no major bad news along the way, a lot more shares don't enter the market. Remember those possible pop sources are already build into the price to some extent. What's the PE of the S&P now, about 25? TRIBY has frustrated a lot of people so there will be sales from frustrated shareholders as they break even, then there's a lot of profit taking to deal with. A lot of shares have been bought around 1.87-2.03, so folks will be taking money off the table along the way. Remember to base expectations on projected growth FROM CURRENT SHARE PRICE, not our cost basis, or what we think TRIBY should be priced at. I'd be tickled to death to see 4.50 in two years, or 50% annually. Note I'm not predicting that much. IMSCO Scott

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