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Biotech / Medical : Colorado MEDtech, CMED -- Ignore unavailable to you. Want to Upgrade?

To: WallStBum who wrote (107)	6/18/1998 1:26:00 PM
From: Steve Rodio	Read Replies (1) \| Respond to of 288

Wonder why this stock is taking a hit? Its 40% shareholder Vencor (is that right?) is divesting itself of "non-strategic assets" to lower debt. so major selling is probably on the way: <<LOUISVILLE, Ky.--(BUSINESS WIRE)--June 18, 1998--Vencor, Inc. (NYSE: VC) today disclosed earnings expectations for the Company based on its recently completed analysis of the Balanced Budget Act of 1997. <snip> Vencor stated that a number of cost reductions are being implemented throughout the Company in anticipation of the new prospective payment system ("PPS") which will go into effect on July 1, 1998. These cost reductions include a reduction in the work force ... <snip> Lunsford went on to say ... We intend to continue to reduce debt by selling non-strategic assets, including the previously announced sale of 90% of our stake in Atria Communities,Inc. and by eliminating acquisition activities for the next 12 to 18 months." >> So ... no fundamental changes in the company. Is this a buying opportunity? What's a good entry point? Any opinions?