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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (3116)1/30/1998 8:10:00 PM
From: Paul Senior  Read Replies (2) of 78534
 
re: Clintrials or CCRO: taking a small position today.

They do testing/analysis outsource work for pharmaceutical co's. Sort of analagous to contract electronic manufacturers. Stock is trading about at its year low. They just received a positive in that they've been designated as a preferred supplier (whatever that means) by Bristol Myers. Earnings stink (writeoffs), ROE is terrible. Revenues have grown each year (acquistions play a part). Company is one of several in a very competitive field with not that many customers. On the other hand- again -g-, it's trading below book value, and head man has built up one of these type companies before and was able to sell it at a nice profit.
For people who say they like busted stocks, this could be one. JMO, of course.
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