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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX) -- Ignore unavailable to you. Want to Upgrade?

To: Don who wrote (471)	10/27/1998 7:46:00 PM
From: Currency	Read Replies (3) \| Respond to of 1286

Well, those that sold today because they were feeling a lump in their throats should be able to clear them in a hurry. This certainly is excellent. We now are NBMX and we are now looking for that big "beef". Don't get too worked up over the audit. It'll happen in time. The real key is the revs and profits we're about to see. For something like a $17 bottle of lotion, the cost to NBMX is only $5. That amounts to a 70.5% profit. So, if they announce a deal worth an annual amount of let's say $10M, that's over $7M profit. A deal for $15M is a profit for over $10M, etc... And with around 8MM shares O/S, that earnings around $1.00/sh. A modest PE of something like 5 puts us up around $5/sh. I suspect that's why there were a lot of people buying even when the price was at 3/4 or so. And with the recent scare tactic over and the price down some, this looks like an excellent buying opportunity imo.