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Non-Tech : Nabi (NABI)
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To: Aaron Kind who wrote (54)2/22/1997 4:59:00 PM
From: The BayWatcher   of 354
 
As expected, the DLJ brokerage firm reiterated a
buy on NABI Friday and kept it on its recommended
list with a target price of 21. DLJ cited the
positive earnings news and said that NABI should
remain visible in the near term because of their
upcoming release of HBIG-IV results, filing for FDA
approval on HBIG-IV, & the March 14 analyst meeting
at NABI.

Also, yesterday there was a news article citing
that NABI had signed a contract to buy $20 Million
of plasma from a company called SERA. I know that
NABI's own plasma supply is committed for FY1997
but does anyone know what this recent contract is
for and hw it will affect earnings. It sounds
positive if it will mean greater supply that that
they can re-sell but why wouldn't the buyers go
straight to SERA?

The latest issue of Investor's Business Daily shows
NABI having a P/E of 27 now. It's pretty amazing
that NABI went from a negative P/E to a P/E of just
27 almost overnight. Although I was obviously not
pleased about Friday's downturn I think the
downside is little and the upside is much greater.
I was hoping it would cross resistance at 12.5 but
it looks like we'll have to be patient while it
stays in a trading range somewhere between 10-12.
I'm convinced it will break out past 12.5 in the
next 3-6 months but it's anybody's guess when that
will happen. The market is not payng attention to
the tax benefit that was taken plus the huge
benefits that remain but it will eventually have to
as the tax benefits can only make NABI's earnings
and its P/E more attractive. I do agree that NABI
needs to improve its PR and get its name better
known. The company is too good to be so unknown.
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