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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS)
KDUS 1.6000.0%Jul 2 5:00 PM EST
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To: Biomaven who wrote (346)10/16/2000 4:31:00 PM
From: Tomato  Read Replies (1) of 1833
 
I figure that at 13.5 million shares and $52.3 mil NOL, that it works out to $3.87/sh of losses. What is the corporate tax rate and what would KDUS be worth per share to a N.J. company looking for a tax loss (not counting the cash and royalties and 30% interest in Axiom) ?

I'm reminded of a quote of Jim Ro(d?)gers in Market Wizards of how he waits to buy stocks that are so cheap that it's like picking up money that someone dropped on the ground.

Then again there's the saying that if something looks too good to be true, it usually is. ;-)
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