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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: James Baker who wrote (3562)12/13/1997 9:29:00 AM
From: blankmind  Read Replies (1) of 23519
 
Not sure what you mean by VVUS's "legitimate problems."

-- Here's the worse clip I could find. A downgrade. And '97 earnings are lowered to what: $1.04. And '98 earnings to between $1.30-1.50.

-- James - we're not talking a $100 stock here.

-- I see a 30 to 50% growth rate in profits. $100 mill cash as of 9/30/97. Sales that are nothing short of incredible - as they had next to nothing in '96.

-- So, not sure if VVUS is the next CPQ/DELL - that will quadruple in 12 months. And everyone will ask why they didn't see it coming?

-- SAN FRANCISCO, Dec. 10 /PRNewswire/ -- Genesis Merchant Group Securities analyst D. Curtis Hogue downgraded his rating on Vivus, Inc. (Nasdaq-NNM: VVUS - news) to long-term buy from strong buy based on the uncertainty surrounding the company's ability to manage the transition from one production facility to two facilities.

Hogue noted, ''Our 1998 EPS estimates and price target are currently under review, but we anticipate having to lower these numbers significantly. Based on our initial analysis, we estimate an EPS range of $1.30 to $1.50 for 1998.''

Hogue is lowering his full year and Q4 estimates for 1997 as well. Product revenue estimates for Q4 1997 are dropping to $28.6 million from $39.5 million and Q4 EPS estimates are being lowered to $0.18 per share from $0.34. ''This effectively lowers our 1997 EPS estimate from $1.21 to $1.04 per share,'' he added.
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