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Biotech / Medical : Avadel AVDL

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To: jmanvegas who wrote (3)	4/7/2003 10:59:32 AM
From: Arthur Radley	Read Replies (1) of 240

jman, FLML has had a 100% run YTD....as for a price target. IF we get more deal announcements in the near future, I think we could see FLML in $12-$15. However, unless you are a trader, I would hold until we start getting the steady revenue stream from the likes of Glaxo. Just with the recent deal and the first year potential of $45M....do the math and you will see that FLML is a screeming bargain at this level. I see some resistance at the $8.50 level...so we should expect some backing and filling in the interim.... I'm holding for the long term...... Good luck!

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