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Biotech / Medical : CNS Inc. (CNXS) Makers of the Breath Right
CNXS 0.000001000-90.0%Jun 3 1:05 PM EST

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To: Jimbo Cobb who wrote (365)4/17/1998 5:40:00 PM
From: rustyjack   of 432
 
I didn't see much downside risk at 5 9/16.

I was wrong and paid for it. I tried the product and it really opened up my nose, but I couldn't smell the crap earnings coming.
Book value does not always tell the story. If the product sales keep declining the value will follow. Haven't you ever seen a company trade below book value before? They do and there is usually a reason for it. No growth and in this case a steady decline.
They don't need to buy back shares. They need to invest the cash in a growing business.
I'm out for now. I'll be back when something positive happens.
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