SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : CNS Inc. (CNXS) Makers of the Breath Right
CNXS 0.000010000.0%Jan 9 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Harpo who wrote (405)3/3/1999 2:49:00 PM
From: Q.   of 432
 
new low of 2 7/8 is lower than cash of $3.39 per share.

The earnings news release in Jan indicated three real problems: the nose strips are losing sales due to competition, international sales evaporated because of too much inventory with their distributor (which I suppose means that their distributor isn't selling much) and the new smoke deodorizer isn't selling well.

On the other hand, they have the cash, they are still profitable and they bought back 1.1 M shares in the Dec. quarter. This leaves about 0.4 M shares remaining that they can buy back under the 1.5 M share authorization for the board.

biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext