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Biotech / Medical : Palomar Medical Technologies, Inc.
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To: jeeza who wrote (102)12/4/1996 9:56:00 PM
From: Dr. Dennis J. Wydra   of 708
 
Jeeza,

Today I looked at Palomar's stock chart for the past 11 months. It was very high from May-June (14-16) and right now it looks like it's taking a beating. They misled the public this summer with PR reports they had FDA approval and then this fall they were reprimanded by the FDA for providing false or misleading data about the laser product. I'm not so sure the FDA will give them a prompt reponse.

I know they have a lot of other neat products, and if that is the case, then why is their stock wallowing in the mud? Are some people manipulating this stock to keep it depressed or what? I have very negative vibes about this company and I'm not as optimistic about their future as you happen to be. Are these folks all hype or are they giving investors midleading information about their product? Would their auditors be willing to invest in this stock like we have? My stock broker is really baffled by their current price of 6.75.

Any ideas?
Dennis Wydra
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