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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer

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To: seminole who wrote (142)9/8/1997 10:43:00 PM
From: JOSEPH VON MEISTER   of 1826
 
Salagen is also a product like that. When Blitzer started he was concerned about the stock price - eventually he realized that the street was looking for results, not promises. So he is working on producing results. The list of milestones met during his short time here are long and impressive. How do you get a guy like Tim Rothwell (pres Rhone-Poulec US Pharma Ops) to fly to Minnesota for Board meetings in January. He is a busy guy. He is not interested in the directors fees. Collins is also a top guy... he was in line to run JNJ and did run McNeil for JNJ.

Anyway, I have first hand experience with Blitzer and he seems to have strong leadership skills. If the stock were to go from $3.5 to $5 would that mean Blitzer is a good manager. I think if you look beneath the surface you will find an inefficiently priced stock managed by very capable people.

JVM
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