Novacare (NOV) breaking out... Message Board

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Biotech / Medical : Novacare (NOV) breaking out...

NOV 15.67

+0.8%

3:59 PM EST

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To: Steve Baker who wrote (335)	10/9/1998 6:22:00 PM
From: simarx	Read Replies (1) of 420

NOVACARE INC. (NYSE: NOV) Novacare was recently downgraded and took a plunge from 10 + to the recent lows in the 2's. The company is grossly undervalued and does not deserve to be at these levels. In fact, we have been watching NOV's Level 2 Box and the prints. There appears to be great buy pressure and it is growing. Summary of current fundamentals Book Value approximately $9! (It is trading at 2 1/2)! Market Cap is $136.8 Mil while the company has sales of $1.67 Billion LOW P/E of 2.37 We believe the downgrade and earnings news from the company is already built into the price (Look at the chart.) This company is grossly under-valued. This is a speculative buy recommendation but the fundamentals suggest that the company is low risk long-term and a good possibility for a short-term percentage gain. Current bid is 2 1/2 Good fortune to all. Related Yahoo Finance Link on Novacare: biz.yahoo.com Source: investoralley.com

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