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Biotech / Medical : Sepracor-Looks very promising

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To: Michael Young who wrote (3130)6/1/1999 2:33:00 PM
From: LLCF  Read Replies (1) of 10280
 
<That throws up a huge red flag as far as I'm concerned. Makes me wonder what the company is trying to hide.>

IMO Bear Sterns is a very strange combination of businesses and has little credibility in most of them. They always go out of their way to have a few high profile analysts and investment bankers, yet even these are seemingly brought in at the whim of "ACE" Greenburg [King, CEO] for looks and something to talk about at cocktail parties. Bear continues to make tons of cash clearing little boutiques, some of them slimy beyond belief. Although they are great at PR... Bear Stearns is second rate IMO, and probably has little chance of doing investment banking for SEPR, and therefore isn't exactly sticking his neck out.

DAK
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