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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (8654)	12/19/1997 8:25:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 9285

Maybe. But I think time will prove this to be another good pick. The company is basically playing games with its income statements. While showing good numbers on the front end it is simultaneously bleeding out the rear (yuck!) This is a textbook example why investors need to carefully read the quarterly reports and not just rely on earnings press releases. This is a generic drug manufacturer trading at 15x sales with flat revenue growth. The company is also cash flow negative. Unless they change their name to Yahoo, I don't see good things for the stock price in the future.