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Biotech / Medical : Vivus, Why the Slide?

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To: Richard Singer who wrote (2709)7/14/1997 8:22:00 PM
From: Frostman   of 3991
 
Richard,

Reference the First Boston report on VVUS, post earnings:

Shareholders should like the First Boston (revised) price target
for VVUS of $35. I like the fact that no real competitive ED
products are expected to join the market until 1999 with the assumption that these products are determined to be safe and
effective. That's a serious head start for VVUS.

Under the section dealing with INVESTMENT RISKS, can you please tell tell me what you think they mean by "...investors should be aware that liquidity constraints can also be a major trading hindrance."
Is this boiler plate stuff or another, shudder, yawn, short interest
reference? Hells bells.

Keep your calculator out, big guy. I think tomorrow rounds out the "three day rule" on the earnings report. Glad I picked up some at 29 this morning.

Frostman
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