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Biotech / Medical : Biotech for less than cash value -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (3)4/6/2002 12:58:26 AM
From: Tomato  Read Replies (1) | Respond to of 684
 
<<A tomato will probaby come along and mention tax credits>>

Nah, although it's funny that Berg* and the company seem to have both focused on that issue in last year's ballot fight on that issue. I think either Peter Biomaven or Irwin Frankel opined that the rules on tax carryovers are pretty onerous and that fact, plus the discounting of them, makes them not very valuable.

I'll settle for the cash, royalties, and Axiom ownership.

* For those who don't follow KDUS, Berg is the SH activist who for the past 2 years has wanted to have the company distribute some of the approx. $1.91/sh cash to SHs