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Biotech / Medical : TECHNE (Tech): "selling picks to gold miners"
TECH 77.81+3.1%3:59 PM EDT

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To: mopgcw who wrote (32)6/13/2022 11:44:24 AM
From: Lance Bredvold  Read Replies (1) of 46
 
I'd been wondering about that investment in CCXI by TECH and am interested to see this earnings report which includes mention of additional funds going to them in the form of PFD stock and a total holding of just under 20% in late 2006. I have been under the impression of late that part of that investment has been sold and may be as low as 10%. Meanwhile CCXI now has a product approved in Japan and the US of which sales are ramping up. Thus the exposure of TECH ought to be safer now and perhaps no more mark to market reductions in EPS.

As I've been expecting the price of TECH reached a new annual low of $321 this morning. Sweet pain!

It's also interesting to see several posters who show up and apparently have an interest for a short time and then let this company slip off their SI interest list. I now wonder if anybody even looks at this board any more--but as I've spoken, there is no reason to be buying at this point as far as I can see.
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