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Biotech / Medical : SAFESKIN

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To: Apple12 who wrote (762)3/25/1999 12:50:00 PM
From: Zed  Read Replies (2) of 828
 
Man overboard!

Notice the praise in the press release: "Terry has made many valuable contributions to Safeskin in his position as COO by developing a solid operational structure that has brought needed strength throughout the Safeskin organization. I know the entire Company wishes him the best in his new endeavors. "

What bullshit!

Next they will start placing the blame on the guy, especially when they admit to more cockroaches. Also bullshit - one guy cannot be responsible for such a mess. Other heads will roll.

Saw the pattern at a number of companies I had the misfortune to own stock in - most recently and spectacularly with CD. (High over $40, low about $6, now about $16)

Until the other shoe drops buying SFSK is a crapshoot. Even then we still won't know how many shoes this thing has left to drop.

A real shame, a good company with a good position in its industry, screwed up my mismanagement.

Z
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