Stockchase Opinions

Geoff Houlton Telesta Therapeutics Inc TST-T BUY Mar 26, 2008

A very interesting company. Has an animal health product, human health products focused on bladder cancer and a vaccine for cattle. Likes the company, has existing products (short-term revenue stream) and has future opportunity and a potential blockbuster product. A significant opportunity.
$0.920

Stock price when the opinion was issued

biotechnology pharmaceutical
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WATCH
He has done very poorly in this area. This company is on their watch list, but they aren't buying yet. As it's down from where the caller bought, he would be looking at using it as a tax loss.
BUY
A vaccine that is used in cattle to reduce E. coli. The question is, does it immunize enough. Very promising. Very stable revenue. Trading at only 2X sales so you get their cancer and cattle products for free.
DON'T BUY
Losing money. Have a negative cash flow of about $1 million a month, which could continue possibly the end of 2012. This is a real danger signal.
COMMENT
Impressive company but not impressive enough to buy. Have a number of problems that they still have to deal with. Has the potential of a good turnaround play.
DON'T BUY

On his Stock Watch list. He knows there have been some agreements between management and some of the investors, which he feels bodes well for the company. At this point in time, he is not willing to jump in. They still have to deal with some internal things before it would be of more interest to him.