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Alias Born 05/02/2006

Re: creede post# 1740

Wednesday, 09/20/2006 4:40:03 PM

Wednesday, September 20, 2006 4:40:03 PM

Post# of 15247
I think Labwire would need gross profits (annually) in the ballpark of 100 million to fetch a $2 share price, and probably revenues close to 500 million. Feels like a LONG way off with the current numbers. That's about 1/4 of the total defined market for drug testing. But who knows? Maybe the canines will sell well, too...

Even if I don't see Labwire as large of an opportunity as some, I do think it's at least a safe bet for gradual growth at the current price.

BTW, nice string of summary posts in the Labwire header. Very informative.

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