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Biotech / Medical : CMP
CMP 23.66+0.4%9:43 AM EST
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To: marshall freeman who wrote (1187)8/27/1998 11:05:00 PM
From: Andrew H  Read Replies (1) of 1308
 
Marshall, look at the eps again. They took a one time gain of 1.3M and reported a total gain of 1.1M. Without the one time gain, they lost money from ongoing operations. This was actually a reversal of their turnaround. They LOST money from their operations. If they had made .31 from their operations, they would no longer have their letter of ongoing concern.

It was really a very bad quarter, masked by the one time gain. Shareholders were clearly misled. That said, there may not be much more downside from these levels.
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