>The accumulated losses are immaterial when considered next to the growth
>potential for this stock.
Funny, I think that quote was taken directly from the research report by Morgan Stanley regarding Boston Chicken.
Amazingly enough, Morgan Stanley waited until the afternoon that BOST declared bankruptcy to downgrade it from a "strong buy" to a "sell"..
>I suspect the same critics wouldn't complain at all if a major drug company
> took similar losses in developing a cure for cancer.
Exactly how old are you? Every biotech company under the sun predicted a cure for cancer, and for a while investors believed it. After a few years, when it became clear they weren't going to deliver, the entire sector self destructed into a chaos of bankruptcy and fire-sale mergers.
>Yet the prospects for future profits may well be on that level.
If you think the governments of the world would allow ANY biotech company to profit massively from a cure for cancer, you're just insane, or stupid. The company, process, and methods would be instantly nationalized. And even if that didnt occur, the process would be reverse engineered (or did you forget that in order to get a US patent, you have to detail the manufacturing process?) in every other country in the world that doesnt observe US patent laws, thus destroying the "infinite" profit possibilities. A plane ticket to the cayman islands and get the cure for $100 bucks, or $20,000 to have it done in the US?
Here's 25 cents. Come back and post when you buy a clue. |
