Opinions
Benj Gallander
Fonar Corp
FONR-Q
DON'T BUY
Jan 25, 2008
An MRI company and they do a stand-up MRI. Have leading edge technology with numerous patents. Afraid that management lives in a bit of a fantasy world and think they’re God's gift to MRIs. There aren't enough companies buying their product. They lose money almost every year.
$4.340
Stock price when the opinion was issued
biotechnology
pharmaceutical
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Sells MRI machines to the health care industry. They're in a good niche. Have a specific technology that seems to be gaining acceptance. Reasonably well managed. Have registered for selling up to 10 million shares, but doesn't mean they will. This may be what is holding them back. Will take a few more quarters to see where they are heading.
biotechnology
pharmaceutical
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