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Biotech / Medical : Palomar Medical Technologies, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Ted Molczan who wrote (601)11/20/1997 4:08:00 PM
From: Joseph Asch  Read Replies (1) | Respond to of 708
 
BRAVO TED!!! Clear, concise, thoughtful analysis of where PMTI is going (to h*** in a handbasket).

My question is: who is buying the debentures and why? If the stock is trading at well below a tenth of its previous value, why would any conservative investor buy this kind of obligation?

Joe