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Biotech / Medical : ChemTrak

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To: William Presti who wrote (16)10/16/1996 10:28:00 AM
From: Musti   of 48
 
I agree completely on your positive assessment of CMTR. I believe
this stock has simply drifted (been ignored) down to its current $2+
price. I believe that CMTR is about to fire on all cylinders --
(1) their cholesterol test and its wide distribution will be paying
dividends over the next months/years; (2) their ulcer test being
sold by Merck -- I believe this agreement is being very underrated
by all, it was initially announced over a year ago prior to CMTR's
FDA approval for the kit, no reason why this won't be a "big deal"
for CMTR; (3) the pending HIV approval and subsequent distribution
agreements; (4) whatever new stuff is in the pipeline -- almost
irrelevent since even moderate success on the existing lines I expect
would easily pull the stock back to its 4-5 level and then upwards
from there as ongoing sales occur.

This company only has 10m shares outstanding -- thus, CMTR is
currently being valued at $20m !! As a value investor, I consider
this to be one incredible buying opportunity -- extremely limited
downside risk with tremendous upside potential.
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