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Biotech / Medical : Summit Technology (BEAM)
BEAM 22.20+7.8%Nov 21 9:30 AM EST

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To: Ultimate Investor who wrote (1057)9/15/1998 8:43:00 AM
From: Mo  Read Replies (1) of 1386
 
Are you saying then that the market is assigning value ONLY to BEAM's cash horde, and absolutely no value to its businesses both laser and contact. Is that what you're saying? If so, what do you think it means. Great upside potential for the EVENTUAL recognition of the hidden value, or eventual collapse to 0 as the management squanders the cash and the fierce competition in the laser business renders BEAM's technology obsolete.
I have my own opinion. I think it is the former. However it is a risky proposition. Very risky.
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