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Biotech / Medical : Drug Royalty Corporation (DRI-TSE)
DRI 202.37-0.1%Jan 9 4:00 PM EST

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To: thewiz who wrote (66)7/9/1998 8:43:00 AM
From: BioInv  Read Replies (1) of 96
 
I would be interested in the reasons for seeing this as a"good company"?. Until the last announcement DRI had 80% of its resources in cash. Given that, it was very difficult to justify the $2.50-$2.75 price range which it attained as this was approx. 2 times book and most of the book was cash. I reduced my position at $2.75 but at $1.90 and with two thirds of the resources now invested it looks more interesting. Thanks in advance.
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