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Biotech / Medical : SAFESKIN
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To: Zephod who wrote (380)10/28/1998 9:09:00 PM
From: Ron Kline  Read Replies (1) of 828
 
I've seen this happen with many stocks in the market these days. Companies that come out with earnings that beat the street and they decide to pound them. My best performing stocks last year were Theragenics and Safeskin. Guess what, both continue to beat the street but they both took a tumble. My guess is that it's really a PE problem and nothing to do with fundamentals. If you look in past history with SFSK it did take a tumble a couple of years ago. What is interesting is within 6 months afterwards if came right back. I do think this is a great long term investment and if you are willing to wait out the markets "hot and cold" approach to investing you will be richly rewarded. Due to the technicals it probably will not lead the next market cycle, but with time this company will continue to outperform the market. I feel like I know, I bought at the IPO and was too impatient and gave up about $60,000 dollars in profits if I held.
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