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$2.51 -0.18 (-6.69%)
10/10/2008 3:59 PM

SIGA Technologies, Inc. (SIGA)

CAPS Rating:
**

A bio-defense company engaged in the discovery, development and commercialization of products for use in defense against biological warfare agents such as Smallpox and Arenaviruses.

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Avatar RhinoWTI (< 20) Submitted: 11/15/07 12:13 PM : Outperform Start Price: $3.40 SIGA Score: 13.55

In a conference call on the 15th of November, SIGA's spokesperson mentioned the expectation for a $100,000,000 order from BARDA (Project Bioshield), and that that order would not be the last order, but the first in a series of orders.





SIGA has about 33,000,000 shares outstanding, so on a basic level that 100 million would mean about $3.30 per share. Based on this contract alone, SIGA will be valued at about $25-40 per share. Based on other contracts that are pending, such as Department of Defense and international sales, share price could EASILY exceed this estimate, possibly as early as 2008. Also, the company is in a EXTREMELY healthy position to be acquired by a large biotech or pharm.





SIGA is one of my core long-term small cap holdings!

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