SurModics Inc (SRDX)

[foolishpremise]

The potential sale of the pharmaceutical business is troubling to me. I assume it is intended to pre-empt those that want to take over the company by lessening the value they would recieve from doing the same thing (breaking the company up and selling parts off). Perhaps it is a good move to thwart a takeover bid but I never expected short term gains from the pharmaceutical division and was quite content to wait out the time until they were profitable. While I don't want a takeover bid to succeed ... it is sad to think that we might be forced to sell something that we always knew was going to take a long time to generate revenue. An emphasis on short term profits is toxic - how can you build anything of real value looking through that kind of lens?