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Biotech / Medical : anika research(anik) -- Ignore unavailable to you. Want to Upgrade?


To: ZombieMike who wrote (143)7/28/1998 11:56:00 PM
From: virgil vancleave  Respond to of 328
 
i noticed the same thing. yhoo board is quite active while this one lags. maybe since not everyone has si membership.

as for anik and price action. it is holding up well considering the market conditions with closing price right at the 50 day moving average, which is in an uptrend. with the quick runnup we had recently, it just shows the potential. we were holding at 16 when the overall market turned and i would expect to see us back there before august options.

anik rev and earnings were quite good as far as i am concerned. stock is still attractive based on the past growth and future sales are already expanding overseas and in canada. more revenues means more profit which usually means a higher stock price.

another positive here is that anik is making money and doesn't need to do equity offerings which dilute shareholder value to finance research and the fact that they have almost no debt and 2.50 a share in cash. just looks too good to me.

hope this helps. think i will start posting here instead of yhoo since i feel this forum is much more professional.

good luck