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Cardica Inc. Message Board

trading_maniac 3 posts  |  Last Activity: 23 hours ago Member since: Dec 13, 2006
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  • Reply to

    Value of Company Tied to Hausen's Creativity

    by brunoq_78242 Oct 23, 2014 8:34 AM
    trading_maniac trading_maniac 23 hours ago Flag

    Hausen has also been a magician. Total raised capital was $211M for this company that now has a market cap of $88M.

  • Reply to

    Tinker Bell

    by vulcanfire18 Oct 20, 2014 12:18 PM
    trading_maniac trading_maniac Oct 21, 2014 1:41 PM Flag

    Come on Gene, do you want to make money or build a day care ? Hausen has had 15 years and +$200M to turn multiple 510k's into a company. It hasn't worked out.

  • Reply to

    Tinker Bell

    by vulcanfire18 Oct 20, 2014 12:18 PM
    trading_maniac trading_maniac Oct 20, 2014 2:30 PM Flag

    The stapler was FDA approved on a 510(k) seeking to prove equivalence not superiority of the competion. It's a me too product sold by a dozen or so reps compared to 100's at the competition. Every new account/hospital has to go thru committee review and then approval and then a sample program and then training and then and then and then. IMO, The best value for this company would be to let Broadfin retool the mgmt. and add a few more products for the sales force to sell and give it a whirl. Today the stock is $0.97ish, more than 10 years after the IPO. Oh boy, sales are probably $800,000 this quarter and COGS are $1.3M. Can you say new financing coming or Broadfin to the rescue. IMO.

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