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Biotech / Medical : IVAX Insider Trading -- Ignore unavailable to you. Want to Upgrade?


To: George Mc Geary who wrote (668)7/18/1998 10:15:00 AM
From: tktom  Respond to of 756
 
Frosty has done everything he can to move this stock. Slashed employment from 9,000 to 4,500. Sold everything that is not biotechnology related (Even the personal care division for $ 85 Million, which I believe will be credited in the third quarter). And the only debt is the $ 65 million of the 6.5 % convertible. Mr. Market is still not convinced. There is a massive creditability problem. Now if only they can deliver some new cancer products in the near future (which will be their only MAIN new product area), this could be the fuel to launch this rocketship!