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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (19012)4/1/2004 3:24:28 PM
From: Paul Senior  Read Replies (3) | Respond to of 78527
 
Nrgn: low hanging fruit for you Madharry, but fruit not easily seen by me. If I could get the $9.22 stock under $7, which is what the $100M in equity was paid in the private placement, I might be interested. I'm guessing there's no profits to be forthcoming in the next year, so I further speculate that the stock price could fluctuate as drug discovery and development companies prices seem to me to do. So I might get a chance at NRGN at a below $7 price.

Jmo after a quick look.

Paul Senior
(Not saying the stock couldn't or won't retest or surpass annual high, only that I can't make out the value proposition for it.)