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Biotech / Medical : CNS Inc. (CNXS) Makers of the Breath Right
CNXS 0.0000010000.0%Jun 3 1:05 PM EST

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To: Jimbo Cobb who wrote (413)10/26/1999 10:01:00 PM
From: Sid Turtlman  Read Replies (1) of 432
 
Obviously, we should have put our money on Burrito, rather than the stock. Paying $68.80 one would think that it was running with only three legs, and had the late John Candy as the jockey.

Nevertheless, the point is that these nasal strips work - they make the horse breathe easier, and thus run faster. Good for the horse, good for the horse owner, and I think ultimately very good for the CNXS shareholder. The margins on these strips are extremely high, and the company isn't going to have to work too hard to convince owners that it is a good idea if their horses ran faster. That means that a very high percent of sales can end up in operating profits.

I wouldn't want to elevate this to a prediction, but I can easily imagine the stock well into double digits by year end, if not a lot sooner, depending on how widespread and successful Flair's use is during the Breeders Cup on Nov. 6th.
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