HBOC...Buy in here? Message Board

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

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To: Chuzzlewit who wrote (146)	7/16/1998 5:56:00 PM
From: dougjn	Read Replies (1) of 341

While the market reaction seems clearly overdone, it makes some sense to me. I think there is some concern that the beast we know and love was on the verge of possibly becoming something else. Medical management software company almost acquires a drug distribution company??? With much lower growth and margins. Deal is scuttled, apparently (or is it merely being somewhat renegotiated??) after leaks reveal that the Street hates the deal and tanks Hboc's stock. Makes you wonder what management is up to, no? Does this mean that growth prospects in their core market are drying up? Is there some other reason for the deal that is not immediately apparent? Are they starting to play mere classic roll up games with lower PE, lower growth and lower margined targets? (The lower PE is fine; the other two aren't -- they lead to inevitable slowdown and likely future crash.) Thoughts?? Doug

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