CVTX - CV Therapeutics, Inc. Message Board

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Biotech / Medical : CVTX - CV Therapeutics, Inc.

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To: tom pope who wrote (150)	12/9/2003 8:39:53 PM
From: scaram(o)uche	Read Replies (1) of 411

>> (maybe I'll get my "very small position" tomorrow) It just sounds like expensive road blocks. << Yeah, I have similar sentiments. The Bull's "But"..... assume burn this quarter equivalent to last, and assume that it's already all gone...... $15/share, cash, closed at 2.3X book yesterday. Pharmas wouldn't blink an eye at taking on discounted debt, with or without a pipeline or valuable I.P. That's the basic to return to, over and over, in biotech investing..... "what would a pharma pay for it?" Shut the doors today, what would someone pay for it? Should you ignore burn? No, that would be simple minded and/or just plain dumb. But, should one let the shorts and burn scare you to the point of not recognizing a bargain? Miljenko made the correct call, and he may be correct about it going to single digits. But it's worth lots more and -- if drug development logic prevailed -- IMO shouldn't go there. Wyeth to offer $850 mln in convertibles Tuesday December 9, 5:33 pm ET biz.yahoo.com

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