neog - Neogen's E.Coli Test adopted by Japan Message Board

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Biotech / Medical : neog - Neogen's E.Coli Test adopted by Japan

NEOG 6.050

-3.9%

3:59 PM EST

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To: kenneth shopsin who wrote (323)	4/12/1999 1:18:00 AM
From: Kramer	of 441

RE/delist/ Surely you jest!! LOL You must have mistaken this for the ktel message board. Neog has a rock solid balance sheet with $10 million in cash and virtually no debt. Just because reuters had a headline that read "net off" on the last earnings report the stock trades off as people head for the hills? Well the "net off" for those of us that know was only a very shallow analysis of the quarter. Once again the reporters get it wrong by comparing the two quarters without taking into account the change in taxable environment. The quarters income really showed growth of almost 50% over last year. IMHO the only possible thing one could complain about was the 15% revenue growth for the quarter, but then again the third quarter isn't necessarily neog's strongest, but 25% sofar this year isn't bad. BTW, usually neog's 1st quarter is the strongest. Smart money going into neog at these levels.

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