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BiotechValues

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BiotechValues

Re: None

Thursday, 04/09/2009 8:04:21 PM

Thursday, April 09, 2009 8:04:21 PM

Post# of 786
2008 full year earnings should be out next week.
Probably around .10/share for the year or better, for a ttm PE well below 1 here.

The value of their commercial holdings alone are listed at $66M as of the November filing. With only 35M shares fully diluted, that value translates to $1.90/share!

Add to that value the fact that they are cash flow positive, made .08/share for the first 9 months of 2008, and have managable debt load they can pay down with cash flows from operations ($2.4M in operating income for last reported quarter), and I see a truly undiscovered diamond here.

Hell, this company could stop operations tomorrow, sell off their assets, pay all debt, and shareholders would realize nearly $1.20/share!

CGDI.OB won't be undiscovered much longer.







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