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Biotech / Medical : CNS Inc. (CNXS) Makers of the Breath Right -- Ignore unavailable to you. Want to Upgrade?

To: Jimbo Cobb who wrote (365)	4/17/1998 5:40:00 PM
From: rustyjack	Respond to of 432

I didn't see much downside risk at 5 9/16. I was wrong and paid for it. I tried the product and it really opened up my nose, but I couldn't smell the crap earnings coming. Book value does not always tell the story. If the product sales keep declining the value will follow. Haven't you ever seen a company trade below book value before? They do and there is usually a reason for it. No growth and in this case a steady decline. They don't need to buy back shares. They need to invest the cash in a growing business. I'm out for now. I'll be back when something positive happens.