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Biotech / Medical : SangStat Med. (SANG) - 10 of 10 analysts say Strong Buy
SANG 4.950+2.1%Nov 7 9:30 AM EST
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To: Carson O. Ray, Jr. who wrote ()3/24/1999 2:47:00 PM
From: kendall harmon  Read Replies (1) of 184
 
SANG trading in heavy volume today. Keep your eye on it.
Here is a key post from the Yahoo SANG thread. I have no position yet.

Company: SangStat Medical Corp.Price: 13Recommendation: STRONG BUYNotes: a, b,f
Firm: Hambrecht & QuistDepartment: HealthcareIndustry: Biotechnology
Date: 3/24/99
Q1 Q2 Q3 Q4 FY
1998A ($0.42)A (0.56)A (0.64)A (0.57)A (2.20)A
1999E ($0.60) (0.46) (0.32) 0.10 (1.29)
2000E --- --- --- --- 1.43
52-Week Range 13-41 ** Market Cap 210
Shares Out 16.2 ** Cash (M) $37
Cash per Share $2.28 ** '99 SangCya Sales $25 mil
'99 Thymo Sales $34 mil ** FY Revs 19.5
CY EPS (2.20) ** CY P/E NM
At $13, SANG Looks Like Bargain of the Year
We are adding SANG to the H&Q focus list. We think our Q1 ($0.60) is
conservative; we have fine-tuned our Q1 sales -- raising Thymoglobulin from $0.7
to $1.3 million and lowering SangCya liquid from $2.4 to 1.7 million. The rumor
that may be responsible for today's sell-off is that Novartis has filed an ANDA
for a generic. We would be not be surprised if this were true, but we doubt that
Novartis would destroy its own largest product. At $13, we think SANG is the
bargain of the year - trading at only 4x revenue run-rate and only 13x our $1.00
EPS estimate in 2000.
(poster: lerasa)
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