Unigene Laboratories Inc (fka UGNEQ)

[imanjen13]

Earning 9 cents a share for the first real profit in the company's history should make the Street sit up and take notice when stock opens for trading. Conference call may try to downplay as startup windfall for fortical but the smart money will realize this is a new company that is now on track to earn 40-50 cents for the next 3 quarters. I am giving this stock a $15 target within 6 months based upon a modest pe ratio of 30 times earnings. If China approval is completed within the next year that target may prove to be conservative. Booltah.