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Biotech / Medical : Biosource International
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To: steven Probst who wrote (650)3/29/1999 10:43:00 PM
From: Timothy Grimes  Read Replies (1) of 696
 
Not good news. We new the write off would be a big one. I still need to examine the numbers closer, but what bothers me is the lack of core business growth. Sales were flat from last year. That is the big problem here. The acquisition will help the top line but Wall Street will not look to BioSource as an investment if they can't grow their core business. They say they released 22 new products last year. So what! if all they did was replace lost revenue from other products. I am tired of this shit and tempted to cash it in. Seems whoever drove the share price past $3 is the big loser. What do you think Joe?

Tim
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