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Biotech / Medical : Biosource International

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To: tom pope who wrote (514)	7/7/1998 9:29:00 PM
From: Joe Dancy	Read Replies (1) of 696

Not sure when 2Q will be issued Tom. Yeah, with the meeting on June 22nd and Chamberlain - the CEO and Pres - saying as he explained one of his charts that he expected revenue increases again this quarter made me feel a little more comfortable with what type of earnings they will report. I have not looked at Zack's for a consensus, but I remember the last conference call BIOI management said they felt comfortable with earnings for the year in the mid-40 cent range or even higher with the buyback. No upgrades or downgrades I've heard of - of course they will probably upgrade if the stock hits $12 or downgrade if the stock hits $2. If you put the pencil to it that would mean a p/e on this years earnings of around 13. Pretty undervalued for a company that should grow earnings around 20% a year in my conservative estimate - and more like 30% a year if you believe the analysts. Solid balance sheet, growing revenues, growing industry - after hearing the company presentation I had to restrain myself from buying more - I really like these people. Joe

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