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Biotech / Medical : Cyberonics (cybx) epilepsy therapy recommonded -- Ignore unavailable to you. Want to Upgrade?


To: Dennis who wrote (215)3/26/1998 8:25:00 PM
From: Valentin  Read Replies (2) | Respond to of 471
 
Earnings on or around April 16

Dennis take a look at my message 200 in this thread. CYBX e-mailed me that earnings release will be on or around April 16. There is no more accurate information about the date.

CYBX reached 30.5 intraday yesterday. It has a lot of momentum and volumes are high. I ignore the reason but something is going on. From 3/11/98 (date of my last buy) to today the stock soared without news 46% and volume tripled. CYBX is not an Internet stock and this is not hype. So in my opinion somebody must have good information related to the 3th quarter figures. Yehuda fruchter pointed to it: "All is based on the numbers for the next quarter" (message 194).

I have no accurate figure about monthly manufacturing. Based on 200 devices per month sales of the quarter may be 200*9000*4= 7,2 M (frankly I would be disappointed if it is less). But it may also be that the backlog is high. Demand=sales+backlog is the important figure for the moment not EPS. Demand high ==> device is successfull ==> share will soar.

As for the sideeffects remember message 190 and the excellent comment of yehuda fruchter (message 191). If sales are good and backlog high the stock may soar to 40 $ at the end of April (far higher then my preceding pronostic of 28$). But if demand is not much greater then the 2nd quarter then..........We will see. Let's enjoy the actual ride.

There is an interesting message at:

messages.yahoo.com@m2.yahoo.com

May I propose to all the readers to ponder about this statement during the waiting for the earnings announcement. I shall make my comment about that message in one of the following days.

See you later