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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Dan Berger who wrote (202)1/5/1997 6:57:00 PM
From: Kip518   of 1172
 
Dan,
Frankly, I'm a little less pleased about the stories of empty shelves than you. Demand may be out-stripping supply, which, if true, could be a great thing, but empty shelves also means no product is being sold and nothing to the bottom line. Further, having pharmacists not able to tell customers when to expect new stock is also not a good thing.... makes it sound like a broken supply-line. If CMTR really does have a surge of demand on its hands I'm not sure why it would just be starting now. Their last quarter report didn't suggest anything like that (in fact it appeared that sales were flat) and there has been no big ad campaign or anything else to push sales (Merck's TV ads for its anti-cholestral drug may do something to encourage increased cholestral-level testing -- but that's still a very indirect push for CMTR).

I've been long in CMTR for over 2 years (first got in over $7). I've always liked their story but I've learned you've got to be really patient with their delivery.

Ron
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