After 13 years in business, most among the walking dead, I think the head swelling has diminished on the CMTR side. Although maybe that's why Singh wears a turban, to hide his swollen head. However, yours seems pretty swollen to me. The PA is new in private practice having been layed off by BD one of those big stable companies, and doesn't care about or follow stocks in the least. The IR person left for a better job in her home state of Colorado. The insider selling is old news with the last being more than 6 months ago.
INSIDER BUYING & SELLING ACTIVITY Rel
LANGE DOUGLAS W 1,000 11/13/96 1.63 R
LANGE DOUGLAS W 1,000 10/21/96 1.97 O
SINGH PRITHIPAL -20,000 09/12/96 2.4 CB
LANGE DOUGLAS W 1,000 09/05/96 1.94 O
LANGE DOUGLAS W 1,000 08/28/96 2.00 O
GIN JERRY B -5,000 06/12/96 4.47 D
GIN JERRY B -10,000 06/05/96 4.80 D
SINGH PRITHIPAL -50,000 05/22/96 4.22 CB
RUBINFIEN DAVID -20,000 05/21/96 5.27 D
RIFE DOUGLAS E -2,500 05/21/96 4.88 VP
Name 10 biomeds with this many products approved and going to market that have gone under?
In fact, few biotech/meds go under, the hurt ones tend to get assimilated by other companies, or live among the walking dead for years before recovering.
I might lose my $1.50 per share, but I could gain a hell of a lot more than $1.50 on this one. Aren't too many biomeds with as much upside potential as this one, the market cap is just way too low. Part of the attraction is that they have been ignored for years by any big money and thus are highly undervalued relative to their industry. Many multiples are possible here, but at worst they will continue amongst the walking dead - they are experienced survivalists. They sure seem to hold steady while the rest of the big boys in the market place have been taking a bloody beating. Funny how that works. Maybe it's because the institutional manipulators have left this one alone for years, while the patient long term investors wait it out. Nobody is selling CMTR to clean up the end of the quarter statements.
Consider us calibrated...
Dave |
