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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

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To: JEFF CHAPMAN who wrote (1042)2/5/1998 5:52:00 PM
From: WTMHouston  Read Replies (1) of 1514
 
The price action the past few days hasn't looked all that great - technically it looks to be breaking down some....If it drops below 11 I will buy more...sure would like to see some major contract news though. It has now been over 5 months since the takeover of the plant, and the size of new contracts (at least those that have been announced) has been pretty meager.

By my count, they will need to replace as much as $100MM annually in Glaxo business by the end of this year just to keep up, much less grow.

Troy
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