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Biotech / Medical : Covalent Group Inc (CVGR) an undiscovered CRO
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To: Gurupup who wrote (9)9/15/1997 11:23:00 PM
From: Pete Ryley   of 107
 
Skip and Janybird
I doubt very much that it is just the three of us in here eh?
Skipper, you are correct (with great regularity I wish to add) that the lly thing IS big. All the revenue is transaction based too. Nice way their VHC system produces an ongoing low maintance revenue stream.
Bruce demonstrated it for me when they were in NYC a few months ago. Then, I was skeptical, now I am not the least bit skeptical. For my part, this has the potential to be a long term hold. I have known and followed the name for months (thanks to you). When they get on nasd, it will raise their visability and overcome a lot of built in resistence to BB names. Fortunately, I intend to have my position established before that time.

I find it very interesting that so many former big hitters from Merck are now running various departments inside CVGR. I believe CVGR knows what they are doing and they seem to be building senior staff with great credibility for the clientel they now address. The fact that they focus on the area of treatment that consumes 70% of the health care money is a great plan. And, I like seeing RR Donally in the deal. An outfit not known for getting involved in unprofitable ventures.

I will let the irrational exhurberance from todays nice announcement run off over the next few days, and then back up the truck. And lay in the weeds, in lurk mode. <G>

Pete
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