neog
P/E (ttm): 36.20
PERIOD ENDING.....Feb-08..Nov-07 .Aug-07 .May-07 .Feb-07
Retained Earnings.46,540..43,882 .40,628 .37,617 35,314 <------
Total Revenue.....25,181..27,209 .22,909 22,675 .21,054 <---
Sale (buy) Stock.....783 .1,459 ... 755 ... 889 ... 351
Net Borrowings .....(145)......0.......0..... 76 ... (76) <--
..
Qtrly Revenue Growth (yoy): 19.60% <---good
Qtrly Earnings Growth (yoy): 33.60% <---V. Good
Total Debt (mrq): 0 <-------xlnt
..
Shares Short (Feb08): 197.60K
Shares Short (as of 11-Mar-08)3: 179.62K
Short % of Float (as of 11-Mar-08): 1.40%
..
Neogen Cor****ation, together with its subsidiaries, engages in the
development, manufacture, and sale a range of products for food safety
testing and animal health applications. It operates in two segments, Food
Safety and Animal Safety. The Food Safety segment primarily offers
diagnostic test kits and complementary products that detect dangerous
and/or unintended substances in human food and animal feed, such as
foodborne pathogens, spoilage organisms, natural toxins, food allergens,
genetic modifications, ruminant by-products, drug residues, pesticide
residues, and general sanitation concerns. The segment markets its
products
primarily to food and feed producers and processors. The Animal Safety
segment provides pharmaceuticals, rodenticides, disinfectants, vaccines,
veterinary instruments, topicals, and diagnostic products. The company
offers its products directly, as well as through a network of national and
international distributors, and large farm supply retail chains. It has
operations in the United States, South America, Central America, Canada,
Asia, and Europe. Neogen Cor****ation was founded in 1981 and is based in
Lansing, Michigan.
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December 3, 2007 it had acquired the assets of Winnipeg Manitoba Canada
based Rivard Instruments, Inc. (Rivard). Neogen expects to relocate the
business to Lexington Kentucky and integrate it with its Animal Safety
division. ....the companies had been involved in patent litigation The
acquisition provides for settlement of the litigation.
The amount of consideration was not disclosed.[[[4.2 million??]]] Based on
the level of future sales of detectable needles, additional contingent
consideration could be paid.
---------
August 24, 2007 it had purchased the operating assets of Brandon, South
Dakota based Kane Enterprises, Inc. (Kane). Neogen expects to relocate
the
business to Lexington Kentucky and integrate it with its Animal Safety
division.
Consideration for the purchase, which was determined through arms length
negotiations and subject to certain additional post closing adjustments
and
accruals for transaction costs, was $5.8 million in cash.
---------
Cash used in the Kane and Rivard acquisitions amounted to approximately
$10,000,000.
----------
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stock is at a relative all time high and the insiders are optioning and
selling like big dogs yet instituionals are continuing to buy
Because of aquisitions comps going forward should be good
..
stock is exibiting 12% price oscillations (as it tops out?)
entry: $22? maybe intraday $20 ? reiterate $20 $24=nearterm
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