NUMD: NuMED Stock of the Month on SmallCap Investor Message Board

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Microcap & Penny Stocks : NUMD: NuMED Stock of the Month on SmallCap Investor

NUMD 0.0250

0.0%

Nov 12 10:56 AM EST

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To: rci who wrote (12)	1/8/1998 6:40:00 PM
From: Jeff Grossman	Read Replies (1) of 49

I think it was more than poor earnings that hurt NUMD. Tax-selling and the poor microcap market really hurt. I think it's an excellent buy under $1. Currently, bid is $0.84375 and ask is $0.96875. NUMD is probably a good takeover target. It's trading under book value and if you get rid of upper management's salaries, NUMD would show some nice profits. Therefore, NUMD would look attractive to a company in the same business that can consolidate operations and get rid of current NUMD upper management. NUMD could be worth between $2 and $3 with a takeover. Of course, I wouldn't hold my breath waiting for a takeover, but you never know. Without a takeover, I think NUMD will eventually show reasonable profits and the stock should get back over $2 (eventually). Anyone who buys NUMD needs to be a very patient investor. Jeff

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