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Biotech / Medical : Guilford (GLFD) - Steadily Rising

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To: tdinovo who wrote (147)11/5/1997 6:36:00 PM
From: Dr. Bob  Read Replies (2) of 496
 
I don't know how much lower it will go; I would expect solid support in the low 20's. This company has $8/share cash, has only burned about $0.25/share this year, has a great pipeline and management; a great deal with Amgen - I wouldn't be too particular about catching it precisely at its low. Dilution with any stock offerings in the near future is extremely unlikely given their cash position and current stock price, so the potential for good news is way higher than for bad news, IMO.

Bob
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