Forum Archive Index - October 2001

["george souros" <g_sourous@hotmail.com>]

In light of the current World Situation (Anthrax attacks etc) I have been 
doing some number crunching on biotechs on offer in this region of the 
globe. What I am having trouble understanding is how a company in the case 
of Genesis with approx $40million+ cash in the bank & revenues of $12m p.a. 
be worth only marginally more than another Biotech, Bliss, which has approx 
$5m in the bank and revenues of only $400,000 p.a.??!!
Is Bliss a better company than Genesis or is this a situation of Bliss being 
another "South Island Mafia" Tulip bulb scheme? Seems to be lower trading 
volumes of Bliss compared to Genesis and as we all know stocks tightly held 
in good times drives prices up but when the mania stops will this be a SMR 
type shareprice disaster for Bliss shareholders???
Comments would be appreciated
Disc. Hold none of the above

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