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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (817)	8/29/1999 12:58:00 PM
From: out_of_the_loop	Read Replies (1) \| Respond to of 5582

Mad2: I find it quite interesting that it is my nature to defend and simplify when I have gotten my specifics by having met and spoken to the CEO, IR people, the inventors of Zicam, & visited facilities in CA and AZ. Yet, you base your comments on ___________________ (you fill in the blank - I would say speculation and your own generic experience that is not specific to GUMM). I am not saying that your discourse is without merit, it is just not specific to GUMM because, like most people who tend to short, you get your info from outside the company. In addition, most of the anti-GUMM comments on the SI boards have been on the line just short of ridiculous - or frankly over it. I am not judging all your posts that way, but you should know what I mean since I am sure you read the "late" Mr. Wexler's thread. In addition, <<issue was a real issue 18mos or so ago and by the way PIB is what make chewing gum chewy. >> typifies your responses - you make issues out of things that are not issues. For example, tell me how their packaging machine works and why lead time is a problem. You tell me based on your info and then I will answer you based on my actual examination of the equipment. Regards, Howard

To: Mad2 who wrote (817)	8/29/1999 2:11:00 PM
From: DanZ	Read Replies (1) \| Respond to of 5582

Mad2, Are you are suggesting that GumTech might have a problem meeting growing demand for their gum products because of a shortage of raw materials? Wrigley and GumTech use some of the same raw materials and Wrigley's sales exceeded $2 billion in 1998. Their cost of goods sold was $848 million and they didn't report any shortages that I know of. Even if they did note a shortage, they still managed to buy about $848 million worth of raw materials, much of which was used to make gum. Even if GumTech reached full capacity of $100 million next year (I'm not suggesting that they will), the amount of raw materials that they would use would be minuscule compared to the amount that Wrigley uses. Which particular raw material do you think will present problems due to long lead times or shortages? Some things are worth worrying about, and others are so unlikely to occur that you're more likely to be struck by lightening. This latest issue of yours falls into the latter category. Dan