Summit Medical (SUMT) | Stock Discussion Forums

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Biotech / Medical
Summit Medical (SUMT)

An SI Board Since February 1997

Posts	SubjectMarks	Bans	Symbol
14	0	0	SUMT

Emcee: Steve Hudson	Type: Unmoderated

Introduction Market Data Compact

SUMT, a company in the medical outcomes arena, opened today at 4 1/2 after closing yesterday at 5 1/2. Yesterday it reported a huge charge as its reorients its strategy; it , as best as I can tell, threw everything in it could to clear the books. It now has a book value of about $5.70 and cash on hand of about $4.00. I think it is a buy for both traders and fundamentalists, the latter with a 1-3 year horizon. Today, I think, we reached the "give-up" stage, after the stock was slammed about 6 months ago. Investors have seen bear markets in a number of "medical-related" stocks in 1996-97: HMO's, medical software, PPO's, etc. I havew no idea when the bear market in this group will end.

FYI: I was a buyer today at $4.50- $5.125. I would enjoy a fresh discussion of SUMT's prospects (and those of its competitors, such as AMSI)and the wisdom/foolishness of buying SUMT.

Steve

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
14	Perhaps. The price action looks good today. But how much of this is due to th	Steve Hudson	-	3/11/1998
13	Perhaps it is time to pay attention! Summit says takes steps to fix 1997 probl	vedia	-	3/11/1998
12	Still here. It is a turnaround and a value play. But you will most likely hav	Steve Hudson	-	9/18/1997
11	Anyone Still following this one ... I heard a new CEO may be appointed soon. P	Vincent Yaffnarro	-	9/15/1997
10	SUMT has been creeping up the last several days as buying pressure -- for whate	Steve Hudson	-	6/18/1997
9	No news . Yet? I agree that there might be a pop. On Thursday someone bough	Steve Hudson	-	5/4/1997
8	TA;possible pop soon;bollinger bands together;dmi ,stchtcs,both bullish.Not muc	GR	-	5/3/1997
7	FYI: an officer of SUMT bought 8,000 shares at 3.65 on 3/3. Regards, Steve	Steve Hudson	-	4/19/1997
6	SUMT said several days ago "no later than April 4". They have a tend	Steve Hudson	-	4/3/1997
5	aren't they supposed to report the revised numbers by april 4, which is tom	R.Krish	-	4/3/1997
4	The charge they will take in Q1 for "employee downsizing" will effect	Steve Hudson	-	3/4/1997
3	SUMT seems like a bargain trading below cash and book value. When they redo th	V	-	3/4/1997
2	Undoubtedly, the fact that Haas quit has no positive interpretation. The best	Steve Hudson	-	3/3/1997
1	I don't know why I am responding other than to say I hold this (along with	C Overton	-	3/3/1997

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