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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Michael Berkel who wrote (8331)12/14/1997 8:47:00 AM
From: Michael Berkel   of 9285
 
Check out Sofamor Danek (SDG). Not the ideal moment to short since the stock already lost a good percentage of its value during the last 2 sessions, due to a negative FDA ruling in favour of the competition. But I find the company still expensive although I must hasten to say that I haven't the faintest idea how much the FDA's decision will ultimately impact the next couple of earnings and what other profitable devices this company has in the pipeline.
I hope that there is somebody out there who is really knowledgeable about SDG and who could tell us how low it can go. If at all.

Michael B.

email: berksa@global.co.za
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