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Biotech / Medical : DUSA (DUSA) Pharmaceutical
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To: Greg Butcher who wrote (34)8/5/1998 12:07:00 PM
From: Ron Harvey   of 101
 
Here's a post I made yesterday on the DUSA board at Yahoo:

"It's interesting that Dusa is now selling for just about what I first paid for it in spring, 1995. I later sold in the double digits (can't recall the price exactly) bought back in again in the 5's and 6's, sold once more in the mid 12's, bought back again at 7 1/4 and 7 3/8 when the stock clunked at the end of May, got out with a loss at 7 1/8 and 7, and figured that I wouldn't be tempted again for a while. But today I picked up 5K at 4 1/8. It's the same R & D company I liked in '95 but three years closer to an FDA approval and a few successful Phase II's and III's. It never made sense to me that the stock zoomed to the teens without there being even an FDA submission. And now it doesn't seem sensible that the stock is so low with the considerable potential of ALA and PDT re a number of medical indications. Could it drift somewhat lower? Sure. It's a stock subject to the same market vagaries as are all stocks. Will it ever see the 7's and better again. Sure. There's an FDA approval down the road and a distribution arrangement with somebody or other. Just the announcements will cause nice runups. And would a savvy management have even mentioned a deal until all papers were signed? Well, these guys do R & D. What they're looking for is savvy management. Dusa is made up of scientists, not business people. And based on several dozen articles in professional medical journals (cited on the AOL board over the past few years) ALA and PDT work. That's ultimately the point."
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