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Strategies & Market Trends : Value Investing
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To: Steve168 who wrote (20299)12/22/2004 12:31:34 AM
From: Spekulatius  Read Replies (1) of 78548
 
re IBPI - used to follow them years ago before the split. The first drug (i think it was an antibiotic) was abandoned) under somewhat obscure circumstance. Now I see the 2nd one bit the dust as well. Looks like they will likely burn through their remaining dough pretty quick.

As with all below cash plays, one has to look at the underlying business. Sometimes it is indeed worth less than zero. I believe that IBPI is such a case. I believe that OSCI and XNVA are at least close to cash and better plays, but of course i could be wrong.
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