Exactech (EXAC) Message Board

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Biotech / Medical : Exactech (EXAC)

EXAC 49.25

0.0%

Feb 14 4:00 PM EST

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To: Steven Dopp who wrote (18)	3/2/1997 11:26:00 AM
From: Steven Dopp	of 118

I see that 4th quarter income was a little below 3rd qtr income but that sales/revenue continued to increase at a strong pace. I don't understand why the stock continues to move down. As of 2-28-97, is was 7 7/8. I know management held an investor's conference call on Thursday, 2-27-97 and it seems like the stock dropped after that call. I know the city of Gainesville authorized loaning $5 million in tax-free industrial revenue bonds to the Company last monday. Pehaps the new debt is driving down the stock price? The money will be used for the construction of a new building which will allow Exactech to centralize the manufacturing of their devices. the company will also double the size of its workforce to 76 employees after construction is complete. This sounds like good news to me, so I view the stock as a buy. Any comments?

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