Replies to post #49661 on Biotech Values

[Bio_pete]

ULGX - "if the procedure is as painless as the co. reports" Please put me to sleep if I'm going to undergo a TURP procedure. I don't see how putting something up your urethra is ever painless.

[ghmm]

I've had Urilogix on a watch list too and hear the calls every now and then. I'd been interested if someone gives me the bull case. I can think of a few negatives that have prevented me from looking at it more closely:
1-Poor management (missed estimates, generally don't seem to be on top of things - but this is just an impression from calls)
2-Revenues have been declining.
3-I believe the insider buying isn't really insider buying it is a fund whose in pretty deep if memory serves. The fact that they've bought at higher prices doesn't exactly instill confidence that its a good fund.
4-They have a much bigger competitor

The above said with the cash, the fact that they have a product on the market that is producing revenue they could be a value if there is a turnaround in sight. Appreciate anyone's bull case for them. TIA