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


To: Paul Senior who wrote (20298)12/22/2004 12:10:23 AM
From: Steve168  Read Replies (3) | Respond to of 78534
 
Paul and All, what do you think about IBPI?

It closed at $3.98 today with $5.7 cash (data from Yahoo finance, and may be a little less due to cash burn), zero debt. A small biotech stopped a trial of its main drug. It retained Lazard to evaluate options to max shareholder value, including merger or liquidation.

The catches are several class action lawsuits. How likely are those lawsuits prevent a buyout offer or liquidation? like to hear other's opinion before I buy more.

Merry Christmas!



To: Paul Senior who wrote (20298)12/23/2004 1:25:12 PM
From: schzammm  Read Replies (1) | Respond to of 78534
 
Paul, have been researching and watching GTI since you mentioned it. Kept missing it in the teens so when there was a major block for sale today took advantage. Bought today at $9.26 in several portfolios. It looks cheap on several levels. Also looks good for a pop in the new year due to current tax selling. Thanks for the heads up on GTI.