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Biotech / Medical : Immucor

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To: Thomas Kirwin who wrote (307)4/12/1999 12:41:00 PM
From: Mason Barge   of 422
 
The base-rate daily volume appears to have picked up a little. In the past we've seen almost no trading interspersed with several days of frantic activity everytime there is a significant announcement. But to my casual observation, it seems that the base-rate volume is increasing, no doubt due to the stock popping up on growth screens.

You'd have to think that the stock is starting to interest value investors. Anybody who researches the co. carefully would probably conclude that the high increased earnings is not in any way a spike, but a representation of solid and increasing growth. At .13 on an annualized basis -- a perfectly sound form of analysis for earnings that are expected to be ongoing -- you get a PE of 18.5, rather conservative for a company this well-positioned in terms of growth potential, management, and financial stability.

I bought this as a speculative investment and find myself a convinced long-termer. They need to start paying some yield at some point to really get the value people slavering, especially when Gallup runs out of companies to buy. Something in the 1% range would be very nice for starters.
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