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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Andrew H who wrote (4494)3/30/1998 12:07:00 AM
From: Rocketman  Read Replies (3) of 9719
 
Beat ya both out, I bailed CYTO around $4.50 when I paid taxes last October. I can't believe how low they've sunk though. I like GZTC also and transgenics in general, but they still have a ways to go until these companies will be profitable IMHO. My guess is that even when they get a revenue stream from actual products that they will be pumping all the revenue and more equity and deal capital back into the business to keep growing it for quite some time to come. Over the long haul this is the best strategy, but for the quarter to quarter trader mentality, they won't like it one bit. I do expect that the time frames and costs to develop the transgenic animals will drop drastically through time though.....kind of like Moore's law. The efficiencies of the processes will continue to make quantum improvements. However, the FDA will always be a slow Dinosaur IMO, after all they are just a huge government bureaucracy. One of the big pluses about GZTC is the contract research part of it that isn't dependent on getting a drug approved and marketed.

Rman
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