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No. of Recommendations: 2
Well the correction here (far more than just today's) was almost 50% from the mid July high over 47 to todays low near 25. Stock has rebounded to back over 30.

Analyst estimates for next years EPS (estimates which may be on the high side) are $1.23 so we are still at about 25x NEXT year. Not that cheap even for this high quality co. I would start nibbling at 22-23 and be a major buyer under 20 if it ever happens. Stock was definitely in bubble territory over 40 in my view.

There are other better bargains out there. But still watching for another chance at NEOG.

sw
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