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Biotech / Medical : BSD Medical (Long Term Investment Oriented)

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From: geoffrey Wren5/19/2014 3:37:49 PM
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Any life left on this board?

A hard to figure stock, hard to figure future sales. Still very much a story stock.

Interesting that the CEO announced he would be leaving the CEO position recently. It could be that both the board and the CEO felt a new CEO with different skill sets was needed. Or it could be the CEO was ready to curtail his work week since he is now 67 years old. Or there could be a divergence between the board and the CEO about shopping the company around. If so, there is no clue about who was in favor of it, and who not.

BSDM has a history of puffery in their news releases. Here is recent announcement headline: "BSD Medical Reports on Continued Sales Momentum by Terumo for the MicroThermX® Microwave System."

What facts are provided under the headline?

“Terumo has been an exceptional partner for BSD, making substantial investments in sales and marketing of the MicroThermX,” This is to indicate that significant money has been put into marketing. Is that sales momentum? The Terumo arrangement is old news and it was prior planning for Terumo to market the product.

“We are gaining sales traction in the Western European countries." Does that mean actual sales or that more money is going into the marketing effort? How about some specifics of where there are sales?

If one looks at the press releases carefully there is always this sort of slipperiness to them. Maybe the new CEO will be less slippery and not so inclined to release reports when there is not much specific to say.
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