Innerdyne -- Why are they still losing money? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Innerdyne -- Why are they still losing money?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David K. who wrote (16)	2/4/1998 6:06:00 PM
From: Peter	Read Replies (1) of 68

Read the analyst....I don't think they are looking for profits next quarter. It may not be to the end of the year.....I think the conference call said they hoped to be profitable this year.....but not committed to when. Regardless, they should be higher in price. They were losing much more when they did the secondary around 3.5....and they are growing the business..... I suspect the community of investors wanted profits following the last quarter...which they didn't get even though it was clear they would not be there. Additionally, Bill Mavity is a very honest, clear CEO who will not promise the moon even if it looks promising. There also may have been some stop losses in play. When a low volume stock goes down you always have each level being taken out without a great deal of buy stops to take their place. Hang in there....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next