Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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To: PDL who wrote (1751)	2/18/1999 2:33:00 PM
From: BMcV	Read Replies (2) of 10280

Seems like a very aggressive forecast. This is from the ML report: "We continue to expect profitability by mid-2001 and rapid EPS growth thereafter". Now we're talking over $5? This changes everything if it's realistic. Stocks can trade on earnings 2 years out. Hope they're not hyping us. Here's the rest of the article that just came in: 02/18 13:36 *SEPRACOR <SEPR.O> AGREES WITH ANALYST ASSUMPTIONS BEHIND 2001 EPS VIEW 0F $5.69 By Ransdell Pierson NEW YORK, Feb 18 (Reuters) - Sepracor Inc. <SEPR.O> shares jumped to a new high Thursday after the company, which is now losing money, endorsed a bullish earnings forecast for the years 2001-2003. Chief Financial Officer David Southwell told Reuters that he believed an earnings per share forecast by Morgan Stanley Dean Witter analyst Douglas Lind of $13.48 for the year 2003 was "conservative." Southwell said he agreed with the "underlying assumptions" behind Lind's forecast of $5.69 per share for the year 2001 and $10.38 for 2002. Shares of the Massachussetts-based biotech company were up 9-7/16 at 128 on the Nasdaq. The previous intraday high for the company, which specializes in making safer versions of existing drugs, was 121-3/8.

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