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Biotech / Medical : Isolyser (OREX)- Any comments
OREX 0.223-34.4%Apr 3 5:00 PM EST

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To: Liatris Spicata who wrote (387)4/21/1997 4:55:00 PM
From: Eric Hovdesven   of 617
 
I am just not sure what to think. The OREX product was praised by many and the company seems to have little to say about why bringing the two plants on line has not started to turn around OREX sales. With the increased pressure on hospital incinerators (sp?) one would think that this is a glamor product that would have someone's attention. I guess one problem could be that the past mergers have mucked up the company so bad that it is not a takeover candidate (reference is made to another atlanta medical company medaphis which thankfully I did not own). Another problem could be a concern that ISOLYSER may be keeping its books much like it ramps up production (again reference is made to medaphis and its large charge offs that never seem to end). Finally and I cannot believe this could be true, but worse case senario is that OREX is not a competitive product and/or the patents have little value.

Who knows but under $4, I still own my small position, really would like to put in more $$ under $4 but an important lesson in investing (unless you are very sophisticated at investing) is not to average down. But then I already violated the first rule which is to sell losers fast.
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