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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE -- Ignore unavailable to you. Want to Upgrade?

To: D.Lu who wrote (275)	12/7/1997 2:01:00 PM
From: Coha	Read Replies (2) \| Respond to of 670

The company, as of Friday, was trading at 62% of book value and 94% of cash i.e. severe discounts to the net worth of the company. These are frankly just extraordinary numbers for a company with approved products. As noted in earlier posts, this company, along with other techs that have traded significantly higher within the last 2-3 years, is being sold for tax losses. The trick this time of year is trying to find the bottom as the buyers all wait for that next downtick. But this stock appeals to anyone that loves the bargain. People are throwing this thing away. Maybe taking 62 cents on the dollar is the right thing to do. Somehow I doubt it. Coha