GZSP, Genzyme Surgical Products Message Board

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Biotech / Medical : GZSP, Genzyme Surgical Products

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To: jeffbas who wrote (37)	8/25/1999 9:44:00 PM
From: jeffbas	Read Replies (1) of 55

One heck of a move today. Traders have made a fortune on this recently -- 3 --> 7 --> 4 --> 6 --> 4 --> 7. I have neither sold on the rallies (not overpriced), nor bought on the hair-raising declines (chicken). I also continue to wrestle with valuation issues, not entirely successfully, which also contributes to my timidity. The company has tangible book value of around $15, but is losing a lot of money for the time being. If it were not for the book value it would be selling at a buck or two; if it were not for the losses it would be selling at 20 or more. I sort of mentally split the difference and say it is worth perhaps $10. Also, it is a tracking stock and I do not have it clear in my mind what if any discount there should be for that. One thing that has caught my eye is fairly impressive insider buying in the 4's, which can be seen at insidertrader.com.

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