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Biotech / Medical : GZBX - Genzyme Biosurgery
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To: Extra Pale who wrote (14)1/15/2002 12:21:49 AM
From: Spekulatius  Read Replies (1) of 18
 
GZBX has a cash burn of about 20M$ per quarter. They have about 40M$ in cash plys 17M$ in undrawn credit from GENZ. While they their cash burn rate might decrease, i don't really think that they have enough cash on hand to last to cash flow break even.
I guess they assume that the shares are undervalued and will trade higher in future, a risky assumption IMO. I agree that GZBX is undervalued but I dislike the shareholder unfriendly management, so I currently have no position but would consider to buy at less than 4 1/2$.
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