A Bear's View On BioSphere Medical (BSMD)

Apr. 2.06 | About: BioSphere Medical (BSMD)

BioSphere Medical (NASDAQ: BSMD) is a potentially overvalued speculative medical device company. There are no current profits, the stock has basically doubled in the past year, and it is currently trading at 54 times 2007 estimated profits, 7 times revenues, and 20 times book value. Cash from operations has been negative for five consecutive calendar years, as has the free cash flow and net income.

This stock fits the “quant jockey