There’s an array of biotechs selling for cash value or less, but most are broken companies with little chance to recover before the cash runs out. (There’s an SI message board on this topic at http://siliconinvestor.advfn.com/subject.aspx?subjectid=52724 .)
Among companies trading at cash value or less, IDIX is unique in having both an approved drug and a rock-solid balance sheet.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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