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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?


To: Gerald F Bunch who wrote (5088)5/26/1999 9:56:00 AM
From: Marconi  Respond to of 5736
 
Hello Mr. Bunch:

Thank you for the observation. I stand corrected. I meant to say the market cap of CCSI is grandly excessive. The company is not overcapitalized. Market cap is excessive by an order of magnitude IMO. Hence, CCSI is a short.

CCSI management seems to be wastrels of capital. OPM (their use of 'other people's money') would be better used elsewhere than in CCSI management hands. I expect some PR that may bounce pricing, but the more real the situation plays out, the more the price should decline. I look for dud quarters for the foreseeable future.

Best regards,
m