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Biotech / Medical : ATS medical (atsi}

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To: George A. Dubrowski who wrote (6)11/4/1996 2:56:00 PM
From: Mark Cahill   of 63
 
I received a copy of a security analyst's update report on ATS Medical. It does not add much to ATS's recent quarterly report. The securities company believes "the intrinsic value of ATS Medical is $11.75 per share. With the recent, and unexplained, slide in the price..., we believe that the market has presented investors with an opportunity to invest in a developmental-stage medical device company whose principal product is currently approved in all major markets of the world except the U.S...With upside potential of nearly 77% from the current level of $6.625 shares of ATS Medical are attractively priced..." Seems a statement of the obvious to me.

What I want to know is why the price decreased..."unexplained" is not what security companies should be telling us. And "more sellers than buyers" is not the sarcastic answer I am looking for. All in all, not a very good update from the research dept.
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