PATH positioned to move...exceptional value Message Board

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Biotech / Medical : PATH positioned to move...exceptional value

PATH 14.36

-9.5%

12:55 PM EST

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To: Hot Air who wrote (2)	12/1/1998 7:13:00 AM
From: wmj	Read Replies (1) of 13

Welcome to the PATH board!! I sincerely believe this stock could double in less than a month. I am a value player, looking for stocks that have been beaten up on emotion. PATH has a 52 week high of 19 1/8, and is just coming off a level of about 15. They got in trouble, and are being charged a couple of milllion dollars by the feds for overcharging medicare. PATH has "vigorously denied" any wrong doing, and is trading at or near 52 week lows. IMH this stock will bounce back. Current PE is about 5, and next years earnings are not being questioned by analysts....yielding a PE of about 4. Book Value on PATH is over $8. Even if we only see a short term bounce of about $2, that is more than a 40% gain....very possible, and I think likely. PATH is a leader in its field, and is not a fly-by-night operation. Good Luck.

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