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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject9/7/2001 1:06:02 PM
From: besttrader   of 37746
 
You know that I beat up on biotechs because they have
no earnings, but MLNM is interesting because they
have so much cash in the bank, that it allows the
company to equalize their burn rate, so that they
don't actually lose any money. It's like you get
a free FUTURE drug making machine, one particular
drug has the potential for $1 billion blockbuster.
The only thing bad I guess is the fact that they are
going to ramp up R&D so that they are going to start
to actually lose money, (Albeit, I still think they
are projected to still have enough money for 10-30
years or something like that, enough so that when
their drugs start selling, they will be ok. They could
be huge in 2005 or 2010.
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