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Biotech / Medical : Biosource International
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To: steven Probst who wrote (561)10/12/1998 11:04:00 PM
From: Joe Dancy  Read Replies (2) of 696
 
Clueless Steve where BIOI shortfall, if any, will fall. Uncertainty about strength of dollar versus European currencies is an issue here - I think around 50% of sales are there, but not sure which country and currency has the majority of sales. Company has new CFO that was looking at hedging strategies but to my knowledge has not been implemented.

No articles in the last month on the company to explain weakness that I could find in a literature search. $3 just seems an incredibly cheap price to pay for an interest in this company. Then again I'm biased.

Interesting to note that this has been one of the worst declines for small cap stocks since the great depression according to James Glassman. See the article at the link on the LSGI website: members.aol.com for details. Glassman thinks the rebound of small cap stocks will be intense and quick - lets hope so, it is the best news (or dreams) I've heard in awhile.

Just incredible how many small and micro caps with outstanding potential are selling below book value now. Some people are going to make a fortune investing in these companies now, and I don't necessarily mean just BIOI - I like the company but even if I'm wrong many others are just too cheap to ignore.

Joe
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