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Biotech / Medical : Biotech for less than cash value

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To: farkarooski who wrote (137)10/9/2002 12:25:35 PM
From: Mike McFarland  Read Replies (1) of 684
 
I got a Morningstar email this morning...

'CRA trades at a 35% discount to its net cash value of $12.80'

To paraphrase, they could cure cancer but
'just as much potential to destroy shareholder value
over the next decade'

They would not consider the shares unless they were
'closer to $5'
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