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Biotech / Medical : Zonagen (zona) - good buy?

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To: Linda Kaplan who wrote (5079)8/4/1998 8:44:00 AM
From: Hank  Read Replies (1) of 7041
 
No sign of money flow into ZONA yet according to my data. RADAF is expected to earn around $2.50 this year. I think it could be as high as $3.00 If you assign a modest P/E of 10 for them, that puts the price at 24-30 by years end. Not unreasonable to expect IMHO. I also think they are a future take over candidate. Vector Vest has them valued at around $35, so they are grossly underpriced at these levels. Unless we slip into a total bear market, I should do well.
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