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Non-Tech : Nabi (NABI)

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To: The BayWatcher who wrote (47)2/21/1997 1:02:00 AM
From: tom dooly   of 354
 
HEY GUYS!

BayWatcher g r e a t is an understatment.

Sorry I could not get on the net earlier, so I could offer my comments.

It's always hard to tell what's the market is going to do....but unless I miss my guess even with a disastrous market tomorrow NABI is going to start its orbit! It should anyway...

Old H-BIG is not an issue of being left in inventory. The issue is will there be enough to last until the new formulation is approved. I think NABI has options if it is not approved in time. H-BIG is liquid gold, very expensive...and it is very effective against hepatitus B. If you need more info here, ask & I will attempt to explain.

If you look at the earnings report carefully, you will notice an $.18/share gain from CREDITS in the Dec 96 qtr ($6.5 M). Looking further they have an additional $76 M left in CREDITs to carry forward FOR THREE YEARS! If you extrapolate that (4 x .18), you have a built in gain of $.72/share per year for the next 3 years. The .72/year should be worth a stock price of at least $14.40 (P/E of just 20) by itself.

I beleive NABI may continue to receive CREDITs that can be used to offset taxes in the future due to the kinds of drugs they working on.

If you factor in the continuing inrease in sales/earnings, NABI should be at $20/share now. Within 3 years NABI should easily have more products approved and on the street. I'll spare you the details of the calculations.

It's time to buy more. What a great company!

Tom
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