Forum Archive Index - October 2001

["George Hill" <ghill@buzzavox.com>]

I share your puzzlement. GEN has no debt, and cash equivalent to about
$2.25/share ... Yet trades at $2.65-$2.75 (albeit on thin trading
volumes.) 


Disc: Hold GEN

-----Original Message-----
From: owner-sharechat@sharechat.co.nz
[mailto:owner-sharechat@sharechat.co.nz] On Behalf Of george souros
Sent: Wednesday, 24 October 2001 12:02 p.m.
To: sharechat@sharechat.co.nz
Subject: [sharechat] Genesis vs Bliss


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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