Alpha,
the company will eventually more than likely make some nice profits for shareholders. Till then in this bear market who know's where the bottom is (unfortunately the same for other biotechs). Why couldn't it go to 20-30c? It's been there before.
Even the big boys in Aussie biotech land i.e. Novogen have copped a hammering. But they have a large cash reserve and a diversified product pipeline.
I'm not saying don't buy CST or any other biotech, all I'm saying is watch out and don't put your house on it. With "blue chips" losing 50% on bad news these smaller caps can easily do the same. Look at the chart for CST... it's panic time there.
Sorry to be a party pooper, just calling it like I see it. I think CST has alot of potential but at the moment the market just doesn't care.
Cheers,
Munch.
Alpha,the company will eventually more than likely make some...
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