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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (15710)5/12/2001 10:08:21 AM
From: orkrious  Read Replies (1) of 30051
 
Zeev, a few months ago you recommended CRA in the low 30's as a long term hold. I bought some.

The more I read on the company, the more I see the consensus building that their current business model will be difficult to sustain. They need to get revenues from drugs their information helps develop, not just from subscriptions to their database.

They do have a lot of cash and at least several years at their current burn rate until it runs out. However, will they ever make money? The shorts don't think so, and they are building a sizeable position.

I believe you said they have the potential to be a 10 bagger. Do you still think that?

TIA

Jay
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