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Biotech / Medical : Biosource International -- Ignore unavailable to you. Want to Upgrade?


To: Night Trader who wrote (669)7/22/1999 6:02:00 PM
From: Timothy Grimes  Respond to of 696
 
Looks pretty good. Operating income is a most impressive improvement. AP seems a bit high. They may be buying pretty heavily for new products and LTD is still too high. Core product sales growth is nice at 14%.

This is a good report and it should pop the stock up in the next few days. At the very least, we will see a new support level around $6. The real story is long term growth. Institutional investors won't get too excited about 1 or 2 good quarters, they need to see consistent growth. Management should own a lot more stock than it does.

Tim