posted
News from the other day: KERX to close several offices, reduce expenses (50% layoffs), consolidate assets.
"The company expects to end the first quarter of 2008 with about $50 million of cash, cash equivalents, investment securities, interest receivables and license receivables."
Their current market cap is $26M; would this mean they expect to be worth about twice as much by the end of first quarter?
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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posted
fourseven, may be off base, but I don't thikn you can really read anythign into that. they may have $50mil in cash equiv, but $250mil in debt.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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