George,
No deep throat here. But I was wondering if anyone had any
insight into how this transpired:
DIGENE CORPORATION
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31, June 30,
1997 1997
ASSETS
Current assets:
Cash and cash equivalents $28,171 $8,453
Short-term investments 6,347 11,061
Total current assets 41,258 26,549
Total assets 45,425 30,207
Weighted
average shares
outstanding 13,412,271 12,498,771
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How did they increase their total assets by 50% while losing
money and without a substantial increase in shares???? Look at
the change in cash and cah equivalents for a six-month period!
They must have made a heck of a bet on a football game or maybe
invested their cash in the financial markets and caught a high
flying stock, index, or futures contract or something.
Frank |
