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Biotech / Medical : King Pharmaceuticals, Inc. (Nasdaq:KG)(Was KING)
KG 23.52-4.6%Oct 29 3:59 PM EDT

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To: Quahog who wrote (23)5/28/1999 5:54:00 AM
From: Harold Engstrom  Read Replies (1) of 61
 
Quahog, it sounds like a reasonable business. Only the low margin for error and the high percentage of assets that are intangible are issues.

There is so little cash on hand, but pretty significant inventory. I just don't like the shape of the balance sheet.

Of course they sell something and that counts for something. I just wouldn't buy it myself for the above reasons.

That said, I remember seeing H&Q recommending KING recently (what made me look).
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