Abatix - ABIX Message Board

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Microcap & Penny Stocks : Abatix - ABIX

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To: Bob Davis who wrote ()	10/25/1996 8:54:00 AM
From: Bob Davis	of 62

Abatix Environmental Corp. (NASDAQ:ABIX) has just announced record third quarter revenues and earnings. Revenues increased 19% to $8.5 million, and earnings per share increased 22% to $0.11, which continues the Company's long term growth trend. As the result of market over-reaction at the end of the second quarter, the price of this stock has fallen to levels where, at an earnings multiple of 9, it is substantially undervalued. It is now apparent that this over-reaction was unwarranted. In addition, ABIX is continuing to take steps which will continue its historical 40% annual earnings growth rate - by increasing its gross margins, building its revenues through increased market share, and by expanding its presence beyond its current market. The Napeague Letter recently published an in-depth analysis of ABIX. If you would like a copy of this Analysis e-mailed to you, please E-mail a request to rmdavis1@ix.netcom.com.

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