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Biotech / Medical : Kos Pharmaceuticals, Inc (KOSP) -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Briley who wrote (26)11/12/1997 6:02:00 PM
From: Jeff Briley  Read Replies (1) | Respond to of 118
 
Was just looking at First Call... noticed that KOSP actually beat estimates today!!

Four analysts had a mean EPS of (-.82). The high estimate was (-.79) and the low was (-.84). KOSP beat every analyst with a loss of (-.73)!!

Kos just started marketing their drug, Niaspan, in September, and Solomon Bros. downgraded them "as a result of the slow prescription trend". Come on, Solomon, give them a chance to get their foot in the pool before you drown them....

This looks like a textbook panic-sell (if there is such a thing - lol). They were only downgraded by one analyst from a buy to a hold. CNBC said that some analysts were recommending it now, and I expect to see some of these recommendations surface in the morning. The market was real weak and everybody took out their anger on poor little KOSP. Oh well...

Here's to a rebound tomorrow <cheers>.

Jeff