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DewDiligence

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DewDiligence

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Re: genisi post# 116637

Friday, 03/18/2011 4:26:18 PM

Friday, March 18, 2011 4:26:18 PM

Post# of 257431
Despite today’s buyout offer, Celera has to rank as one of the biggest biotech busts of all time. Since CRA has about $325M of net current assets, the buyout price of $657M equates to an enterprise value of only $330M or so. That’s not a lot for a company that has lost $1B since its inception.

http://sec.gov/Archives/edgar/data/1428156/000119312511070267/d10k.htm#tx137663_62

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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