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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE

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To: Susan Saline who wrote (334)2/20/1998 12:22:00 PM
From: Coha   of 670
 
Well said Sue - sales are the be all and end all now. Although given the volatility we have seen with this thing, I do think, given a decent revenue ramp and the sense of survivability that would bring, later in the year we may actually see the company begin to trade on a valuation not dependent on book value (as unbelievable as that sounds today!). I hope that is higher than three, although just the concept that the company has made it through the current "survival" period would be satisfactory. In fact, if that revelation does come sometime this year, and the price is at or below 3, IMO it is probably even a better screaming bargain than it is today.

Expect 97 earnings the first week of March - probably closer towards the end of the week rather than the beginning. The company has apparently traditionally worked a time line of compilation and auditing of FY earnings, leading to the later release of FY earnings, which I understand Clifford is going to change for next year to get them out earlier (Thank you). You have to figure with the Bard arrangement and others hitting late in the 4th qtr, we won't see any real impact in the numbers. I think the quarter to watch will be either the current one or even the 2nd quarter this year. The current price movement in the stock suggests some anticipation out there, but I am not convinced the nearest numbers are going to knock anybody's socks off. Who knows, maybe I'll be surprised.

Coha
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