Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TheBusDriver who wrote (19468)	9/24/2002 1:07:25 PM
From: ItsAllCyclical	Read Replies (1) of 36161

If you really want a company trading below cash check out CRA. Virtually debt free. Cash per share over $13, trading at 7.50. Cash burn rate around 1.25/share per year (reduced from $2 previously). Seems good for at least a bounce from these levels. It's a genomics play in the same category as INCY and HGSI, but looks stronger and better valued to me. INCY did warn earlier in the month so I may be making a mistake here, but given that CRA has recently trimmed it's estimates on it's cash burn rate I feel relatively safe. Picked some up yesterday. Bio's are the strongest sector today fwiw. Not sure what'll happen post Fed, but any rally is likely to not go much higher than 1250 on the Naz before heading down again. Currently long these bios (CRA, PDLI, BGEN, GENZ, QLTI, MLNM)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next