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Biotech / Medical : Theragenics - THRX ??
THRX 9.810+0.4%Jan 8 4:00 PM EST

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To: sverrir thorolfsson who wrote (10)7/27/1996 1:40:00 PM
From: Michael Burry   of 16
 
Sverrir,

As a medical student familiar ad nauseam with prostate adenoCA and
with an interest in investing, I just want to say that your
exhaustive note of a few messages back was very helpful to this
board. Thanks. I can't add anything.

Re: earnings. The fall off in sequential growth bothers me, but
it may be that they are at capacity with only two cyclotrons. I
wonder if adding the two more cyclotrons will result in double the
revenue as well as create efficiencies in the cost structure.
The second offering bothers me as well, as does the
high PE. I bought at 13, sold at 17.5, and have since watched it
fall.

Technically, the chart is in bad shape. Look for trading in the 10
range within the next few weeks. This is not unrealistic as
the market should fall itself, taking THRX down with it.
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