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Biotech / Medical : HBOC...Buy in here?

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To: Chuzzlewit who wrote (146)7/16/1998 4:50:00 PM
From: John Carragher  Read Replies (1) of 341
 
My understanding of the streets reaction is hboc attempted to take over McKesson a large corp which would have slowed earnings.

It didn't happen but the street feels hboc has shown their hand and most likely there will be another large take over attempt (Why not cardinal health). hboc has gotten a lot larger and to continue to grow they need larger companies with high growth to merge and keep the growth going.

Quite a few the investors don't feel hboc can continue earnings at the historic rate and are selling out.

Now down some big bucks in the last few days is it a buying opportunity or will we go down further with more institutions getting out?

I have considerable holdings in hboc and like the management. I think I will hold on and see what they may be up to.... Hopefully its as profitable as in the past. see ya John
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