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Biotech / Medical : Shaman Pharmaceuticals has been moving on big, relative,
SHMN 0.001300.0%Nov 28 9:30 AM EST

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To: ET who wrote (335)12/30/1998 3:44:00 PM
From: LARRY LARSON  Read Replies (2) of 838
 
From Yahoo-

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Top:Business and Finance:Stocks:Healthcare:Biotechnology and Drugs:SHMN (Shaman Pharmaceuticals) Help - Add to My Yahoo! - Sign Out <Picture>Taipan Newsletter
by: sea36619 1623 of 1624Yearly forecast issue had two pages devoted to SHMN
In Short it said:
Stock was massacred due to short sellers, disspirited small stockholders and T Rowe Price dumping 1.4 million unwanted shares.
Didn't like Conte's fund raising philosophy and that she should have partnered with a large Pharm. Co.
Did say that Conte is the most determined CEO they have ever known.
Believes SHMN to have been arrogrant and made mistakes because of it., i.e. partnering & stock dilution.
SHMN's EV/5 yr cumulative R & D multiple is dirt cheap at 0.8 vs the industry multiple of 3. That SHMN is reasonably efficient in funding research
Also stated that SHMN's scientific team was a "sterling" team

Their bottom line recommendation was, "As a speculative buy, I
recommend accumulating SHMN on severe weakness to lower your net cost basis."

ALL OF THIS WAS BEFORE THE RESULTS OF PHASEIII WERE ANNOUNCED,

After the Phase three announcement, Taipan's Hot Line stated,
"We see no reason to sell SHMN now"

I still have a lot of hope for SHMN and while it may not be as much of a wonder drug as we had hoped . I believe it will be approved.

Best of luck to all and to all a happy and prosperous New Year

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Posted: Dec 30 1998 5:19AM EST as a reply to: Msg 1622 by snuff67
Replies: View Replies to this Message

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