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BIGN Huge Natural Gas Play!!!
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[QUOTE]Originally posted by USF11: [QB] This is from PQL research it explains the situation better then I can. Good afternoon. I was encouraged to look at BIOGENERICS, LTD and decided to take the plunge. http://www.bignltd.com/ OS: Estimated 250,000,000 (Not Verified) http://stockcharts.com/def/servlet/SC.web?c=BIGN The company today had a very interesting press release that projected EBITDA (earnings before interest, taxes, depreciation, and amoritization) of $.085. http://biz.yahoo.com/pz/051013/87830.html With the stock asking .016, this could be a significant opportunity. The stock is UNSOLICITED (level2 represents unsolicited customer orders ONLY) and I feel this may allow a lot of people to buy the stock at lower levels without the market makers using order flow to rapidly push a stock. The stock is trading nearly 10X average volume on a really favorable chart, in my opinion. Oil and gas stocks usually trade at lower earnings multiples, but if BIGN really can produce .085/share FY2006, the stock should be trading in the .30-.40 range and no where near here.. I have not been compensated by BIGN for coverage of their stock. I purchased 30,000 shares * .016 this afternoon. Regards and Best of Luck, Tim / PQL Research [/QB][/QUOTE]
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