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Biotech / Medical : GUMM - Eliminate the Common Cold
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To: Tatnic who wrote (3371)11/30/2000 11:51:42 PM
From: DanZ  Read Replies (3) of 5582
 
Who is hoping, wishing, and praying? Even based on the most modest estimates for dental gum to the large consumer products company, nicotine gum to the joint venture with Swedish Match, and Zicam in 2001, this stock is way undervalued. That doesn't even include other new products that they might introduce. It isn't a matter of hoping and wishing. It's a matter of waiting patiently for the stock to trade at a more fair valuation. A lot of stocks are trading at ridiculously low valuations. I don't think it is prudent to confuse a bad market and irrational short selling with the fair value of a company. GUMM bounced off 8 1/2 again today, closed higher on above average volume, and refused to make a new 52 week low despite a terrible overall market. I take this as a sign that the stock is unlikely to trade any lower.
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