Vasomedical Inc. Message Board

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Biotech / Medical : Vasomedical Inc.

VASO 0.160

+6.7%

12:31 PM EST

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To: 613 who wrote (1539)	11/8/2002 4:13:52 PM
From: James Perry	Read Replies (1) of 1605

Craig, I am long and holding, but I regard the report you described with sheer terror! $4 mil loss THIS QUARTER and the company is down to 2.5 in cash. New CEO. Now the biggest customer is in the tank, financially. And I don't see where more cash is coming from in the present market environment. Of course, new CEOs do tend to write off any and everything when them come in, so they can later add to the profit if anything is salvaged. But I really doubt the picture is painted blacker than it really is. Despite the fact that VASO was taking business right out from under the scapels of by-pass surgeons, they still were making money in the past. According to the reports, which now seem to have ignored the fact that one can always move inventory if terms and bonuses are inviting enough. Obviously CHF opens the doors to a great potential market but it seems to me the question is whether they can squeeze enough expense out of the present operation and service the customers they have. Just enough to get by. Looks like a long, hard winter.

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