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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My opinion: FANTASTIC!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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Mad props to you, Park! I did notice your HTI up 10% or so in a day, and am sure kicking myself for wasting my time in pinkyland while a real pick like this one goes whizzing by yet again...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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Yeah, the cheap bastards! Of course I'm familiar with them... I've bought my share of pH meters and maybe a UV/Vis from them in my past equipment-intensive days.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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Oh my God, does that bring back memories! Way back, when I was a beginning med tech, our hematology lab had the first Coulter counter model to count RBC. Everything else we did by hand, including all the wet chemistry. There now, I've gone and really dated myself! Does your wife remember those good old days?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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Everything 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! RiverOriginally 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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No worries, River! With discussion being relatively tame on my thread as of late (my fault for being busy), the OT posts are more than welcome here, too. Just so long as it doesn't head towards religion or politics, I'm happy!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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