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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?


To: MIKE DOOLEY who wrote (1463)2/22/1998 9:35:00 PM
From: Cisco  Read Replies (1) | Respond to of 1894
 
Mike,

I can only speak for myself and I wouldn't consider myself any more knowledgeable than anyone else on this thread. I bought last week at $1.00 and again at $11/16. I am very disappointed with the price where it is! I still hold some shares that I paid as much as $3.00 for. I don't expect 4th quarter earnings to help us much. 1998 sales are still projected at over $30 million. Current market cap is $17.7 million. I understand breakeven is still projected by 3rd quarter. The price to sales ratio is $0.97. Unless there is something we don't know, this company is worth a lot more than its current $17.7 million market cap.

The conference call after earnings should prove interesting!

In summary, despite the fact I currently have a paper loss in the tens of thousands on this stock, I am holding tight and buying on the dips. I haven't posted much lately because I am totally committed and there is nothing I can do but sit back and wait for the next couple of acts to unfold one way or the other. Anybody who has held this stock for any length of time and is still holding it is probably committed too. If that's the case, they probably aren't doing their blood pressure any good watching this stock day by day.

BTW, I don't believe shooting the messenger does any good! Dr. Winrow can only report what she is told she can report.

Best of luck regardless of what you decide!

Cisco