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Biotech / Medical : ACMI - Accumed Inc.
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To: Frank Buck who wrote (721)12/18/1997 4:14:00 PM
From: Cisco  Read Replies (3) of 1894
 
Frank,

Remember that George was told the company would be breaking even by mid 1998 in early November at the Boston Conference. As late as December 3, 1998 Peter Gombrich told our Mystery Man to expect break even by mid 1998.

The comment about moving break even up now from the third quarter to the fourth quarter was made by Sandy Hollenhorst of Vector Securities. You will note that neither Prange or Gombrich addressed that part of her question. Do you really think Gombrich change his position from December 3 to December 5?

I am still looking for break even in mid 1998 unless we hear something directly from AccuMed. AccuMed knows their business better than the analysts who follow it.

I think AccuMed didn't address it because they want a positive earnings surprise to raise their stock prices in early 1998. I now believe it must be Vector Securities which issued the -0.12 estimate for the fourth quarter. That would make sense if they are predicting break even in late 1998.

In the last 30 days it has become clear that the company is deciating itself to the shareholders. And yes I do like the view from my seat in the stadium. As I have said several times before, it is only a matter of time.

I have noticed that some are concerned on the Yahoo thread about the fact that only 3 analysts on Zacks has currently a rating on ACMI.
I believe the reason that Zacks and Zacks on Yahoo dropped the Tucker Anthony recommendation was because it was over 90 days old. Tucker Anthony is still following AccuMed and was represented on the December 5th conference call by Doug Thompson. I would expect a new recommendation from Tucker Anthony to show up any day now.

I have notice some on Yahoo have been giving me a rough time for dedicating my time exclusively to SI. I don't think they realize how much time is required to keep up with one quality thread per company. Can you imagine the time it would take to duplicate all your postings on Yahoo, Motley Fool, and StockHouse along with answering all the E-mails, reading all the sec filings, and communicating with analysts and the company. Personally, I don't see how someone who can't afford the one time membership fee to SI can afford to be trading in the Stock Market. Certianly they don't have a cash reserve that any financial advisor would recommend before one even thinks of entering the Stock Market.

BTW, can you imagine what the sell off would have done to ACMI today without the good news?

Cisco
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