TearLab (TEAR -2%) "will clearly need to issue a sizable amount of equity at a price of $6 or...

|About: TearLab Corporation (TEAR)|By:, SA News Editor

TearLab (TEAR -2%) "will clearly need to issue a sizable amount of equity at a price of $6 or below," writes SA contributor Richard Pearson who goes on to call the company "a serial dilution machine" and questions the size of the market for the TEAR's products. Pearson's commentary refutes bullish analysis from what he calls "small, retail-oriented brokerages." TEAR's shares are up ~160% since last June and the company beat on the top line each of the last two quarters (I, II).