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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI
CCSI 28.05+5.2%Oct 30 3:59 PM EDT

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To: vampire who wrote (5635)11/11/1999 6:48:00 PM
From: BelowTheCrowd  Read Replies (2) of 5736
 
Metsin,

True enough on the cost of the devices and the disposables. At least, the best truth we know.

What we don't know, is costs. Do they actually have any profit margin on the machines? Or do they need to sell the disposables in order to be profitable? (Gillette business model.) And what is the margin on the disposables.

Expanding the revenue base is meaningless if you lose money on every sale.

Unfortunately, CCSI has always refused to discuss manufacturing costs or projected margins. That is unusual, and is one reason I've been suspicious.

At the moment I'm neutral. Closed my last short position a couple of weeks ago, significantly lower.

mg
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