Nabi (NABI) Message Board

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Non-Tech : Nabi (NABI)

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To: Xpiderman who wrote (71)	3/3/1997 1:45:00 PM
From: tom dooly	of 354

Xy, I generally agree with your argument for letting the stock find its support level when it is in a downtrend. However, I think the time frame we are looking at is short (good news coming) and NABI's stock price tends to move in spurts with a little volume. As it turns out, it made a good move today. This company is so under valued that buying on a dip seems like a good idea to me. To expand on your logic in a previous post, the ultra conservative P/E ratio for NABI will sooner or later make the stock move up. Might as well take a position. Forward P/E..... $.28/sh/qtr x 4 qtrs = $1.12 1.12 x P/E of 15 = $16.80 Both the earnings and P/E of 15 are very very conservative. The P/E will likely be at least 20-30 and the earnings should be in excess of $1.20/sh for the year. Lots of good news expected this year....etc. I would recommend buying now and also lower if it continues to dip. You should only lose sleep short term on this strategy, but long term you should be able to sleep like a baby. The market is the biggest variable now. Let's hope it turns up again soon. NABI is still relatively safe in this market though. Their earnings should not be adversely affected. Tom

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