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Strategies & Market Trends : 50% Gains Investing

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To: Steeliejim who wrote (4479)	4/18/1999 3:20:00 AM
From: Dale Baker	Read Replies (1) of 118717

ANIK - if I understand the story they blew their FDA clinical trial, got whacked, changed top management and started buying back stock. Now they have a pristine balance sheet and growing sales in Europe plus a new chance for FDA approval after the trial starting this month. How long will the new trial take? I know nothing about the science but the downside from here seems to be almost nothing, given their cash, sales and book value. Nice pick. I may get in soon to broaden my biotech exposure.

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