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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (7170)	3/13/1999 5:34:00 AM
From: FrozenZ	Read Replies (2) \| Respond to of 18998

Mr. Pink, I'm trying to make sense of OMGA and was wondering if you could offer some insights. Here are some facts as I know them. Closing price today (3/12/99) 13.0 From Zacks: Earnings for last quarter 12/98 - .01 . Earnings estimate for current quarter ending 4/99 - .01 . Earnings estimate for 12 months ending 12/99 -- .11 . Earnings estimate for 12 months ending 12/00 -- .30 Float 3.8 million shares. Price to earnings ratio: 120:1 . You might have guessed I am short this stock. I could half way understand a price to earnings ratio of 60:1 putting omga at 6.50. That would seem extreme but plausible. 120:1 seems way out of whack. OMGA has a strong buy recommendation from Lehman with a price target of 15. Lehman and Raymond James seem to be doing all of the buying. Do you think they can keep this price up through to earnings report on around 4/20/99? Since omga's price went over $7 wouldn't everyone in the world sell them short, and is this the problem? If so, how do you see this being played out? I guess basically I am asking, what do you think their plan is (LEHM & RAJA), how long will it take and how will they profit from it?