SAFESKIN Message Board - Msg: 6209573

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Biotech / Medical : SAFESKIN

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To: agent99 who wrote (386)	10/29/1998 11:44:00 AM
From: Beltropolis Boy	Read Replies (1) of 828

Safeskin Corp. Cut to 'Neutral' at Salomon Smith Barney. in all this confusion, i lost my head and combed the yahoo 'boreds.' highlights, so to speak, below. if you're going long today, be sure to call and thank melissa (and SSB) a year from now. they're right behind me in the kmart checkout line buying on the cheap. ----- #1279: "Salomon Smith Barney downgrades from buy (1) to NEUTRAL (3). Sighting 5% qtq sales growth but 61% increase in Acc Rec as well as high inventories at distribution levels." #1283: "My source at SSB told me that the neutral rating was forced on the analyst by the head of research - the analyst initially was going to bring it down to a 2 rating. All this negative sentiment is really overdone - salesforce sees no slowing of demand from customers or distributors, so acc rec and inventory issues should ease significantly in Q4." #1292: "I just spoke to my broker at SS Barney, and he said that the analyst there have a disliking to their fundimentals [sic]. Even though the numbers were great, they fear the 4th quarter."

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