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Biotech / Medical : T/FIF, a New Plateau

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To: scaram(o)uche who wrote (587)7/30/2001 9:37:18 AM
From: rkrw   of 2243
 
MCLS

<<Way below book.>>

One thing to keep in mind is that if you back "intangible assets" out of their balance sheet, it's price to book jumps to over 2.0. Intangibles account for over half the company's roughly $100M in assets.

Flip side, I listened to their last quarterly cc. In response to a question they claimed that their cash plus owned facility were probably worth more than the common stock market value. Stock was $2 at the time but cash position has weakened and their break even projections were pushed back.
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