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Biotech / Medical : CTEC: Cholestech any other investors? -- Ignore unavailable to you. Want to Upgrade?


To: Alan C. Zezula who wrote (561)7/29/1998 2:16:00 PM
From: samcat9  Read Replies (1) | Respond to of 710
 
Allen, I saw the press release but ...

I was unaware of the product launch date. Thanks for the information.

I believe this distribution agreement will be a plus for CTEC, because CTEC wasn't doing very well on its own in their attempts to enter the pharmacy market. I believe CTEC will have a much better outcome in this venture with this agreement.

There has been some debate about whether pharmacies will give their best efforts at cholesterol testing when other matters are pressing. I do not know, but it seems logical that the pharmacies will give priority to their core business over cholesterol testing.

I was not at all discouraged by today's earnings report. I see a lot of positives in it. I view the failure to meet earnings estimates as a one time matter and believe that CTEC will be back in the mid teens, possibly not long after the next earnings report.

Samcat9