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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Biomaven who wrote (10369)	2/9/2004 6:18:15 PM
From: fred hayes	Read Replies (1) \| Respond to of 52153

NVGN vs MSHL. Looks like nvgn owns 87.4 percent of mshl, which has a MC of $646 million, if the Yahoo numbers are accurate. That 87 percent interest of NVGN would be worth $564 million on that basis, but the MC of NVGN is only $517 million. Looks like they're giving you MSHL and a chunk of NVGN for "free" if you buy nvgn. Maybe the numbers are wrong -- they look screwy on their face. If they are true (and I haven't looked past Yahoo), short mshl, buy nvgn. Too easy... Something must be wrong with the Yahoo numbers or my arithmetic. fred