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Biotech / Medical : Ecoscience (ECSC)

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To: WWS who wrote (100)	2/18/1997 4:45:00 PM
From: Steve Harmon	of 145

And to all ECSC followers, It sure feels good that we are up 100%+ in six months. Wall street is starting to see what a great value ECSC is. The revenues were higher than expected because of higher revenue in AGRO. I was however disappointed with revenue in BIO-BLAST AND BIO-SAVE(EPSC DIVISION). The EPSC division and Bio-blast did only $854,000 in revenue instead of the 1.5 million i was expecting. The good profit margins are in BIO-BLAST AND BIO-SAVE. Because of this I will probably lower my EPS estimate for the year on ECSC(I will post this soon). ECSC is still a better value than CGNE, MYCO, AND DNAP however. I also sold 25% of my ECSC position and will use it to purchase another fallen angel which is a extreme steal like ECSC was before their move last week. I will post this company and the reasons when I find it.

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