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Biotech / Medical : SABRATEK CORP (SBTK)
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To: Kevin Podsiadlik who wrote (363)7/20/1999 10:55:00 AM
From: mod   of 487
 
I don't dispute they may be one-time events. And of course they will be treated as such by the analysts in their earnings estimates.

However, all in all, I would much prefer a company to have one-time GAINS then one-time LOSSES.

Herb obviously expects SBTK to beat the earnings estimates, and he is trying to put a negative spin in advance of that happening. I would be disappointed if SBTK didn't beat estimates not including any of these one-time gains, as the estimates assumed a later approval of ROCAP.

What is Herb going to do if they exceed estimates without the gains? Apologize and admit he was wrong? (about as much chance of that as getting Pluvia and you guys to admit you blew the call on SBTK).
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