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Biotech / Medical : Martek Biosciences---- future biotech cash cow!
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To: bill small who wrote (20)3/21/1996 5:20:00 AM
From: Asymmetric   of 258
 
See www2.nando.net/nt/health for article on Martek..................................I guess the PR stuff is already kicking in!!!!! Also resulted in nice upward tick of 2 1/4 today to $35. I may bite on this one again. From the action today, I better not take too long to make up my mind. My feeling is that this one should hit about $45 by year end, which would give it a 28% gain from current $35/sh. That's not too shabby for any investment. Since I don't know the profit margin, sales of formulaid are in the $300 million range (for 100% infant formula market) for 1997 are the guesstimate. At present there are 13.04 million shares outstanding which at $35/sh gives it a present market cap of $456 million. If the shares sell at 2 times sales, a desirable ratio in any stock, then the market cap should rise to $600 million. A $600 million market cap divided by 13.04 million shares equates roughly to $45/sh. (in case you wanted to see how I arrived at a $45 per share figure).......................................................................Of course the usual caveat to do your own you know what holds here. This is MHO only.............................So do you know when is FDA approval for use in USA? I presume that is the hold-up for licensing DHA to other 58% of infant formula market - or are there other issues at stake as far as signing up the other major manufacturers of formula?.............................................................FYI, picked up 1200 shares of Ikos (ikos) last week at 15 1/4. Shares were up today to 17 7/8. Check 'em out.......Peter
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