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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: gaunt who wrote (1301)	12/13/1997 1:56:00 AM
From: Richard Richardson	Read Replies (1) \| Respond to of 8359

Motley Fool Evening New Friday, December 12, 1997 HEROES Forage and turfgrass seed company AgriBioTech Inc. (Nasdaq: ABTX) (N) (S) gained $1 3/4 to $15 1/4 after Salomon Smith Barney initiated coverage of the company with a "buy" rating. AgriBioTech has been on an acquisition drive and is ahead of its stated goal of reaching half a billion dollars in yearly revenues by the turn of the century. Earlier this week the company announced another acquisition, which will add more than $40 million to sales for fiscal 1998. On a run-rate basis the company is in now in the big leagues behind industry leaders Pioneer Hi-Bred (NYSE: PHB) (N) (S) and DeKalb Genetics (NYSE: DKB) (N) (S) in terms of revenues, and it was becoming hard for the major bracket brokerage firms to not include it in analyst coverage. Other brokers covering the company include Dain Bosworth, which has a "strong buy" rating, and Piper Jaffray, with a "buy" rating. Gilford Securities recently rated the company a "maximum buy," up from "major buy