Martek Biosciences---- future biotech cash cow! Message Board

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Biotech / Medical : Martek Biosciences---- future biotech cash cow!

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To: Carson O. Ray, Jr. who wrote (83)	7/29/1997 7:18:00 PM
From: Machaon	of 258

Carson, congratulations on Lucinda, your first baby. That makes her the youngest member of S.I.! Ask her what she thinks of the latest action on Martek. Opppps, sorry, didn't mean to make her cry! <g> I wish Fox had mentioned Martek's name. I saw something about formula when I was passing the tube, but I didn't catch it. I wonder how well they will do in this upcoming earnings report? They increased product sales sequentially, from the 1st qtr 1997 (Jan 1997) to the 2nd qtr 1997 (Apr 1997) by 77%!! The oil production facility came on line in April. They've had "term" introductions in two countries. I would like to see another sequential jump of 77% in product revenues. Martek's got about $30 million in cash. They shouldn't need to go out for additional funding, IMHO. The FDA is supposed to give a ruling this Fall on pre-term use of DHA/ARA. A positive ruling should give Martek a shot in the arm. I wonder where the low is going to be? Are we going to base here at about $9? I'm thinking about picking up some more shares, but I'm holding off to see if it drops any more. Regards, Bob

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