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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE
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To: Coha who wrote (278)12/8/1997 2:35:00 PM
From: Peter H. Proctor  Read Replies (1) of 670
 
Coha Says: "The company, as of Friday, was trading at 62% of book value and 94% of cash i.e. severe discounts to the net worth of the company. These are frankly just extraordinary numbers for a company with approved products. "

It is actually even better. My B-school prof wife tells me that currently, the company is selling for less than the value of their Tax-loss carry-forewards alone. I.e., the company could run out of money, go out of business, and still be worth more than the present Market cap.

Dr. P
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