Jiesen tries to take over the world
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HTI news
Mr Jiesen, since you work in the bio-pharm sector, could you take a look at this week's news re: HTI (another San Diego-based company) and give us your opinion.
Last edited by Guest; 12-10-2006, 03:55 PM.
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Originally posted by ParkTwain View PostMr Jiesen, since you work in the bio-pharm sector, could you take a look at this week's news re: HTI (another San Diego-based company) and give us your opinion.
http://biz.yahoo.com/prnews/061205/nytu166.html?.v=69
This is a great deal for HTI. They're getting between 20M and 100M from Roche to develop their delivery technology (and possibly a whole lot more, if it actually works), as well as a 5% equity purchase. This gives them an enormous benefit in having that partner to back them up along the way. Of course a lot of that is reflected in the jump in price from $2 to $6, but the price is still climbing, and it may be worth a stab at riding it up to the next level (8 or 10?). I don't think I'd put any long-term investment in HTI just based on this PR, but definitely wish I'd heard about this earlier, like Wednesday... I still might look at this as a potential play for next week. Thanks for bringing it to my attention, Park!
The company itself seems a bit on the light side- just 37 people according to Yahoo... I bet that's changed or will change shortly with the new money coming in. For a 40 person company there do seem to be quite a few of them making some decent pocket change (at least 4 at 200k+ listed):
But at least they appear to be financially sound, only losing a couple million or so each quarter in cash, with about $20M left in the bank. As long as they keep the stock price up, they should be able to keep the lights on for a long time- and the Roche deal should be just the ticket for them.
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Jiesen,
I don't know if you're familiar with Beckman Coulter. My wife's hospital lab just bought a piece of diagnostic equipment from them for 1 million dollars and B/C got the lab a bucket of KFC . I told her it should have been worth at least 2 buckets.
------------billyjoe
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Originally posted by ParkTwain View PostMr. Jayy-yyy, I'm looking at HTI todayyyy-yyy. What do I have to do around here to get the recs.
damn, when am I going to learn?
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Originally posted by billyjoe View PostJiesen,
I don't know if you're familiar with Beckman Coulter. My wife's hospital lab just bought a piece of diagnostic equipment from them for 1 million dollars and B/C got the lab a bucket of KFC . I told her it should have been worth at least 2 buckets.
------------billyjoe
Beckman also bought up the original SD biotech- Hybritech- after it fell apart. Here's an interesting (albeit old) article mentioning this, where almost all of my employers for the past 8 years are mentioned:
Last edited by jiesen; 12-13-2006, 11:32 AM.
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Originally posted by billyjoe View PostJiesen,
I don't know if you're familiar with Beckman Coulter. My wife's hospital lab just bought a piece of diagnostic equipment from them for 1 million dollars and B/C got the lab a bucket of KFC . I told her it should have been worth at least 2 buckets.
------------billyjoe
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Originally posted by billyjoe View PostRiver,
She's been a Med Tech since 1976 I think . We met in '81. She worked at Toledo Riverside for 6 years.
----------billyjoe
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Originally posted by riverbabe View PostEverything was automated by then, with round-the-clock staff. No more on-call emergency cab rides in the middle of the night from home to the hospital. I moved on in 1974 to bigger and better things, except for a 3-year consulting contract in 1981-83 to supervise an immunology lab and bring the blood bank at a Cleveland hospital up to AABB standards. Apologies to Jiesen. Must get back to STOCKS! River
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