Matria Healthcare (MATR) Message Board

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Biotech / Medical : Matria Healthcare (MATR)

MATR 2.680

+0.2%

Aug 20 5:00 PM EST

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To: Gregory Cole Brock who wrote (115)	2/17/1998 6:55:00 PM
From: GREATMOOD	Read Replies (2) of 220

Gregory, Just when I thought we were over the hump..................... The reason that we didn't make any gains today despite beating the street's estimates was that some fund (my assumption) took advantage of today's liquidity and sold some extremely large blocks. It looks like this was the day that cleaned up the selling, and we should start to see price appreciation going forward, Lots of stock today moved into "strong" hands and we have a pretty strong base in the low 5s. On a positive note, Matria's report and conference call were very upbeat and positive, and their story is very much intact. I heard that the analysts present were congratulating management on their performance. Matria spoke about their progress in diversifying into other disease states, and other sources of top line revenues. They plan on opening 2 new fertility clinics this year, they are expanding their diabetes management services, and are overall very pleased with the progress made in their various divisions. The Johnson & Johnson drug Antocin is on track for approval, but Matria hasn't factored in any Antocin revenues in this years projections. Pricing for the drug has not yet been set, and when revenues start to come in, they will be additive to current projections. GM

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