Hi James - that is for sure. Having a strong financial position in this sector - and in this environment, I may add, but I certainly don't wish another day like this :( - means making or breaking of a company.
With respect to the further selling of ABGX, I hope CEGE mgt will be prudent about it. ABGX has a great deal of potentials also. I certainly don't want to see CEGE selling ABGX just to make the p/e looks low, since, IMHO, it is not the determining factor for the worthiness of a potential blockbuster in CEGE. Rather, I'd like to see it as strategic investment to give CEGE an extra boost. Of course, I ve made an assumption --- reasonable, but assumption nonetheless --- that the level of cash CEGE has is enough for her to bring a few products to the market [for the sake of completeness, in case there are new lurkers around, there is also the potential revenue streams from loyalty.]
best, Bosco |
