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Biotech / Medical : BMRA (Biomerica)
BMRA 2.480-7.6%Nov 4 3:59 PM EST

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To: Leman who wrote (82)6/19/1998 1:50:00 PM
From: Johnny X   of 170
 
About your question on the AQB thread, (paraphrase) "will BMRA spike soon to $10": I wish I knew, of course! This is one of the solid small companies, spending most of its revenues on research and development and with only 3.9 million shares outstanding. I don't know when there will be another spike, though I'd guess it will occur when the prostate test is approved by the FDA. In the interim, I expect that the stock may be weak, but as earnings improve this quarter or next, and continues to get better as subsidiary Lancer's bottom-line gets better and BMRA improves its sales efforts -- then we will go back up to at least the $4 range. Timing... I admit ignorance as to when it will actually get the price strength it deserves.
I think the company should be applauded for taking its stock price seriously, for instance the buy-back of 1% of the stock.
The list of links are much appreciated. BTW, (speaking of links) you might want to check out AQB's new header, if you haven't already.
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