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Biotech / Medical : SANGUINE CORP. (SGNC) -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (2545)	7/4/1998 8:51:00 PM
From: Prospector	Read Replies (1) \| Respond to of 5402

Ther ya go folks ... That's about a simple and logical answer as it gets..Straight from the Dr Chirodoc,, Sorry we have to go through all this (HORSESHIT) (prospector language)..trying to find imaginary numbers and equations... I like the simple facts, plain and simple.. Prospector

To: chirodoc who wrote (2545)	7/4/1998 9:56:00 PM
From: jmt	Read Replies (1) \| Respond to of 5402

>>>valuation is very difficult in biotech. the value of a company cannot be assess by price/earnings or price to sales because their aren't any.<<<< Your comments are correct. Per the statement above, the value is still earnings as perceived in the future. But there are so many questions of any valuation model that diminish the precise nature of mathematics with subjective estimates of future earnings or cash flow. Even biotech models must first be driven by the viability of the science before mathematics. Who can say at this point what the future revenue may be, the competition when and/or if it comes to market. My scientific model using P/E, FCF, DDM, EVA, MVA and BVD's tells me if the product doesn't get FDA approval it is currently overvalued. And if the product does get FDA approval it is currently undervalued. The right price is driven by supply, demand, and investor perception. jmt