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Biotech / Medical : QGLY - Funny Name Great Product.
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To: drakes353 who wrote (8788)2/19/1999 10:35:00 AM
From: WHL  Read Replies (1) of 8960
 
Drakes: You are incorrect about this stock. This stock has a trailing P/E of 11-12. It is selling at $5.25. It has cash of $2.00 per share and A/R and inventory of another $1.00 per share. It is in a rapidly EXPANDING industry- only 1997's bubble due to pipeline filling creates the impression that it is not. Management is buying back the stock as fast as they can (I hope to have the 1 share left when all others have been purchased- it should be worth the present market cap of $70 million or more). Only 14 MM shares left to buy back and at these prices that's only about 11-12 years of their current net earnings. I think that I can wait 11-12 years for my $5.00 investment to be worth the current market cap of $70 MM. Since you think the stock should be lower, I probably won't even have to wait that long.
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