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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (7251)	7/11/1998 5:34:00 PM
From: TokyoMex	Respond to of 8798

Counter point on PNU .. >>There were a few important things left out of this analysis. The anlaysis assumes that all the big pharms are more or less equal and should thus be valued approximately the same. The analysis deals only with how PNU is numerically undervalued compared to its peers, but never asks the question WHY it is undervalued. Pretty dumb, IMO. I am pretty sure a study of the fundamentals of PNU would show that its profit growth has not been comparable to the industry average and that's its pipeline leaves much to be desired. They most likely have other problems as well.<<