neog - Neogen's E.Coli Test adopted by Japan Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : neog - Neogen's E.Coli Test adopted by Japan

NEOG 6.050

-3.9%

Nov 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kenneth shopsin who wrote (242)	11/11/1998 12:23:00 PM
From: Kramer	Read Replies (1) of 441

IMHO neog being undervalued can be explained mostly on the Dart's selling out of their position and the reason they are selling can be explained by the following post: exchange2000.com neog is a paltry investment for the Dart's billions. As the article indicates they have done this before when they sold out Salomon. A situation like this is great a opportunity, a stock undervalued because of a situation not fundamentally related to the stock; kind of like jumping all over drug stocks a few years back when Hiliary Clinton drove them down on her health care ideas. As I posted before neog is grossly undervalued and it seems that the Roney's recent report also agrees with me: My calculations show that neog is selling at a PEG=.34 (based on 52 cents earnings this year). A PEG of .34 indicates that neog is greatly undervalued. The PEG also indicates that neog would be fairly valued at a price all the way up to and over $15 (PEG=.76). We have about 3 weeks left in this quarter. The consensus analyst estimate is 8 cents, neog should blow that away! I believe the Darts position is on its way to being insignificant soon and neog will back on its way back to fairly valued. Now this is not to say that there still isn't things that neog yet needs to do; like stop sitting on over $10 million dollars in cash and put it to work! Regards,

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next