TECHNE (Tech): "selling picks to gold miners" Message Board

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Biotech / Medical : TECHNE (Tech): "selling picks to gold miners"

TECH 53.31

+2.9%

Jul 17 3:59 PM EDT

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To: Shane M who wrote (1)	1/22/1999 10:50:00 PM
From: Joe Dancy	Read Replies (2) of 47

Techne is a good company Shane, was selected as an "undiscovered gem" in the Jan 4th Business Week. I still like BIOI solely on valuation - TECH sells at a P/B of 5, a P/S of 5, and at a PE of 25 or so - BIOI sells at a P/B of 0.9, a P/S of 0.9, and a forward PE of 6 (assuming the analysts consensus estimates are right, which is never a good assumption). I like to buy beat up companies with potential cheap - why I'm running with BIOI - but TECH should do just fine. I have an interview with the CEO of BIOI, and he said the sector should grow in the double digits for the next decade, so both companies should benefit. Micheal Murphy is also bullish on biotech. Our audio interview with Murphy - and the CEO of BIOI - is at audioinvestor.com FWIW. Joe

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