AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Hi-Tech Pharmacal: New Bull's Early Winner.(THE SMART INVESTOR)(WINNING WAYS)

Investor's Business Daily

| November 03, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: KEN HOOVER

Health care, biotech and tech stocks led the charge when a new market rally began in March 2003. Hi-Tech Pharmacal was one of the first stocks out of the block, scoring a significant gain.

Hi-Tech operates in a corner of the generic drug business, dealing in liquid and semisolid drugs. That way, it avoided competition from the giant drug companies.

The strategy worked, and Hi-Tech showed terrific earnings growth at a time when generic drug companies were leading the market, buoyed by hopes the federal government would make generics easier to buy.

Earnings for the four quarters before the breakout rose 30%, 7%, 86% and 75%. Sales were up 6%, 21%, 53% and 39%.

The Earnings Per Share Rating was 99. The Relative Strength Rating was 98. The Accumulation/Distribution Rating was B.

Hi-Tech was one of the fastest growing companies in the country. But there was a risk that should have given an investor pause. No Wall Street analysts covered the company.

Related articles from newspapers, magazines, journals, and more
Hi-Rise Recycling Systems CEO Donald Engel Talks to The Wall Street Transcript.
Press release article from: PR Newswire January 19, 2000 700+ words
...Jan. 19 /PRNewswire/ -- The Wall Street Transcript has published an in-depth interview with Donald Engel, CEO of Hi-Rise Recycling Systems, Inc...This interview is included in The Wall Street Transcript's INDUSTRY/SERVICES...
Stock Price Reactions to Regional Wall Street Journal Securities...
Magazine article from: Quarterly Journal of Business and Economics Sarkar, Salil K. Jordan, Douglas J. March 22, 2000 700+ words
...articles in regional Wall Street Journal publications...reaction to the "Inside Wall Street" (IWS) columns from...Southeast Journal (SJ), Wall Street Journal/California...group are referred to as HI. HI usually makes a...
Wall Street Reaction to Interest Rate Hike, CNNfn.
News wire article from: The America's Intelligence Wire June 30, 2004 700+ words
...likely to be measured. Wall Street was hoping that the Fed...Exchange with the reaction. Hi Rhonda. RHONDA SCHAFFLER, CNNfn CORRESPONDENT: Hi Christine. It took a while...because, let`s face it, Wall Street got what it expected...
Thailand: True Corporation's latest home education solution collaborates with...
News wire article from: Asia Africa Intelligence Wire July 18, 2005 700+ words
...collaboration with Wall Street Institute (WSI...to offer True's hi-speed Internet...through True's hi-speed Internet...Quellec, Director of Wall Street Institute Thailand...will be given to Wall Street Institute's students...like to use True's hi-speed Internet...
Wall Street Settlement, CNNfn.
News wire article from: The America's Intelligence Wire April 2, 2003 700+ words
...between regulators and Wall Street firms was finalized...really change the way Wall Street works? There are...midtown bureau. Hi, Allan. ALLAN CHERNOFF...CNNfn CORRESPONDENT: Hi, Christine, thank...uncovered evidence that Wall Street firms were paying...
The Wall Street Journal and REAL Trends Announce America's Top 200 Real Estate...
Press release article from: Business Wire November 11, 2006 700+ words
...event sponsored by The Wall Street Journal and REAL Trends...International, Honolulu, HI, $200,341,000 4...appears in today's Wall Street Journal and winners are...RealEstateJournal.com, The Wall Street Journal's real estate...
"The Trump Building At 40 Wall Street" to be Unveiled September 29.
Press release article from: Business Wire September 22, 1998 700+ words
...The Trump Building at 40 Wall Street signaled a change in the...The Trump Building at 40 Wall Street now features a state...be a critical asset for hi-tech/financial companies...relocate to the area of Wall Street becoming known as "Silicon...
REMINDER/"The Trump Building At 40 Wall Street" to be Unveiled September 29.
Press release article from: Business Wire September 25, 1998 700+ words
...The Trump Building at 40 Wall Street signaled a change in the...The Trump Building at 40 Wall Street now features a state...be a critical asset for hi-tech/financial companies...relocate to the area of Wall Street becoming known as "Silicon...
MicroDesign Resources Retains Wall Street Communications For Marcom and PR...
Press release article from: PR Newswire January 26, 2000 700+ words
...technology today. About Wall Street Communications Maintaining...Quebec and Singapore, Wall Street Communications offers...and reasonably priced. Wall Street clients include Vishay...Miranda Technologies, Orad Hi-Tec Systems, SAN Solutions...
Holiday Inn Wall Street Continues its High-Tech Focus with Registry Magic's...
Press release article from: Business Wire November 28, 2000 700+ words
...will be popular with our hi-technology orientated...Director of the Holiday Inn Wall Street, widely recognized as...providing a new, convenient, hi-tech service to the traveling...partner for the Holiday Inn Wall Street in New York," said John...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA