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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: arnold silver who wrote (3382)	5/23/2003 1:29:40 PM
From: Crossy	Read Replies (1) of 37387

re: NasdaqSC: GORX @ $1.44 (Innovative companies) biz.yahoo.com This is a new pick for my "ABSURD VALUE" portfolio. The company, formerly called "Go2Pharmacy" recently renamed itself into "Innovative Companies Inc." and trades on the Nasdaq. They are active in 3 areas - Contract manufacturing of OTC drugs Production/Marketing of mass "distribution" products such as dietary supplements PBM Services (Pharmaceutical Benefit SErvices) While the company is still valued cheaply fundamentally in this area of the market with P/BK of 2, PSR of 0.65 and PE of around 10, future prospects look even better because they announced a move into a hot part of the generics segment. They already possess FDA certified production facilities (GCMP cert) and recently hired the necessary qualified personnel to file ANDAs with the FDA. The recent CC explains their steps in detail and also features the CEO talking about Able Labs (ABRX) as their role model. Because they are a "balanced portfolio" which is already generating cash nicely, the upfront expenses for a generics franchise should be more than manageable. Most of the necessary resrouces are already present inhouse. CEO promised 3 ANDAs to file until end of 2004 and seems intent to file the first, most important one later 2003. IT should be in a blockbuster drug area where patent protection will expire shortly. Shortterm, their core business should display some nice growth. Midterm their generics side may significantly add shareholder value. GORX trades at a marketcap of around $10m right now. ABRX now boasts a marketcap of more than $100m. IF GORX executes its strategy succesfully, a nice multi-bagger could be earned here.. rgrds CROSSY

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