Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Pharmacyclics (PCYC) -- Ignore unavailable to you. Want to Upgrade?

To: squetch who wrote (230)	11/13/1997 2:30:00 PM
From: HB	Read Replies (1) \| Respond to of 717

Earnings out: biz.yahoo.com With cash of about $3.60, and book of about $3.40 /share, and a burn rate of $1.04/shr if you annualize this quarter, company looks in OK shape to me (no whiz analyst!), but I could imagine a modest offering sometime over the next year to keep the cash pile up. Total liabilities are encouragingly low ($2.2 million; there are 10 million shares. The one valuation measure that worries me a tad is price/r&d: r&d is $11 million, or ~$1.10/share, if you annualize this quarter's figure ($10 million if you annualize this qtr last year's). That looks like about 20X r&d at today's quote; I am more comfortable with 5-10X but PCYC has bright prospects, so maybe this is OK. Today's volume seems high; does someone see some news in the press release that I don't? I sold at $27, but have a first order in that may fill soon. I think this market is still in VERY dangerous waters, hence my willingness to trade out of good companies and try to get back in lower. I have seen a few limit orders that I though were long shots when I placed them get hit in recent days. Howard

To: squetch who wrote (230)	11/23/1997 10:12:00 AM
From: Flagrante Delictu	Read Replies (1) \| Respond to of 717

squetch, >> I enjoy practicing straddling scenarios particularly with<< DR. Claudia Schiffer, the former la numera una babea. Now, in my continuing decrepitude I'm beginning to fantasize about a certain Courtney who has so far been able to elude my offensive clutches by running like the wind into various wooded areas. Bernie. In the meanwhile I will try to ready myself to enter {if you'll pardon the expression} the option arena in PCYC, should it ever attain sufficient liquidity. Bernie.