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Biotech / Medical : CMP
CMP 20.06-0.7%Dec 26 9:30 AM EST
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To: Dana who wrote (1296)2/5/1999 1:19:00 PM
From: Emec  Read Replies (1) of 1308
 
Hi Dana,
Picked up some CMP today at 1 1/4. Couldn't resist. I think Chris Street is left with selling the company as his only option. CMP revenues are $45 million and Magellan or Options, the 2 leaders in the sector could buy the whole company for $10 million. A company even in this sector should sell for 1 times sales and CMP would go for 1/4 times sales. Didn't see much downside at 1 1/4. By the way, HDIE holding up pretty well in this tech sell of this week
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