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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (2266)	9/25/1998 8:33:00 PM
From: David L. Carter	Read Replies (1) of 7247

Tim, good thread. I also bought in MER today per your recommendation. I have been following closely and I am currently heavily invested in ABTX. ABTX was as high as 29 less than a few months ago and is now at about 13. Monday at 4:00 pm the company is offering a conference call to announce earnings and as many expect an equity buy-in from Dupont or DOW. I have heard rumors of the buy-in price being as high as $40. Go to the ABTX web site and review the Chairman's update: www.agribiotech.com You will notice that ABTX is grossly undervalued. ABTX has a very dominant position in the grass and forage seed market. ABTX is larger than it's next four competitors combined. Lately ABTX has made several deals to secure genetic and germplasm technology. This combined with a world class management team has created a compelling reason to buy. My best guess is that Monday after the close ABTX will announce the equity deal and the stock will surge to around the buy-in price. Most analysts have said set the ABTX estimates of 30+ within 12 months. I would like to join the stock pool and put my pick as ABTX. BTW I am a big MAUI fan. The Four Seasons is a great hotel but my favorite is next door at the Grand Wailea. If you can, you owe it to yourself to take a look. The spa has been rated #1 in the world by Conde Nest. I was high fiving guys in the spa who I never met before because we were so blown away. They have a two hour Terme' Massage deal that is totally killer. Anyway have fun!!!

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