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Biotech / Medical : Munch-a-Biotech Today -- Ignore unavailable to you. Want to Upgrade?


To: jeffbas who wrote (224)2/28/1999 12:51:00 PM
From: John Metcalf  Read Replies (1) | Respond to of 3158
 
MLNM could have been purchased just above $10 last Fall in the most recent Doldrum. And it could happen again.

However, look at the cash level, the low burn, the huge Bayer and MTC deals, the new patents, the diversified business plan. A market cap at half the level of the two big deals was irrationally low. I wouldn't count on getting a second shot at such a gross undervaluation.