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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: Gary Schneekloth who wrote (305)11/9/1996 5:03:00 PM
From: Damon Pham   of 849
 
They appear to be moving in the right direction. The revenue-expense gap is narrowing. However, the next couple of quarters will be the real test. If their product is embraced by the market in the US and Europe, the revenues should soar. Profits could be several quarters away still though since they are still incurring heavy costs associated with ongoing R&D and clinical tests.

This is a stock that you should buy if you have a long-term perspective. It has had a massive runup this year already so I'm not surprised to see it give back some of this back in the absence of any major news impacting the company positively. Don't be surprised though if this stock moves back up just as quickly as it has fallen the past couple of weeks when they announce some good news on the status of their clinical tests.
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