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Biotech / Medical : SAFESKIN
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To: G. H. who wrote (394)10/29/1998 12:57:00 PM
From: David Rubin  Read Replies (2) of 828
 
Agreed, this is an overreaction but I don't think a recovery is coming any time soon. The market has just decided that SFSK is no longer worth such a premium PE. I'm a long term believer in the company but I still see more downside before a slow recovery. Shakeouts like this aren't over in one day.

SFSK was a market leader in the last bull market but their time for leadership may be over. I think the stock will outperform in the long term but for now it needs to find a base.
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