StockIceMan's Weekly Stock Pick
Week of
January 11th, 2004
| Stock: |
CombiMatrix
Corporation |
| |
|
| Ticker Symbol: |
CBMX - Nasdaq -
Scientific Instrumentation |
| |
|
| Buy: |
4.00 to 4.10 |
| |
|
| Sell: |
10.00 + |
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|
| Info: |
CombiMatrix
Corporation, the life sciences
business of Acacia Research
Corporation, is a life sciences
technology company with a
proprietary system for rapid,
cost-competitive creation of DNA
and other compounds on a
programmable semiconductor chip.
This proprietary technology has
significant applications relating
to genomic and proteomic
research, biological and chemical
detection and combinational
chemistry markets. CombiMatrix
Corporation has two wholly owned
subsidiaries, Advanced Material
Sciences, Inc. and CombiMatrix KK.
Advanced Material Sciences, a
development stage company, holds
the exclusive license for
CombiMatrix Corporation's
biological array processor
technology in certain fields of
material sciences. CombiMatrix
KK, a majority-owned Japanese
corporation located in Tokyo, is
exploring opportunities for
CombiMatrix Corporation's active
biochip system with academic,
pharmaceutical and biotechnology
organizations in the Asian market. |
| Financial
Info: |
For the
nine months ended 9/30/03,
revenues fell 51% to $403
thousand. Net loss fell 40% to $14.9
million. |
| |
|
| Key Ratios: |
Current
Ratio: 0.96; Total Debt/Equity: 0.00,
Forward P/E: 8.51x, Price/Book: 3.42,
Price/Sales: 239.35 |
| |
|
| Share Info: |
There are 26.18
million shares outstanding with
23.20 million shares in the
trading float. Institutions own
approximately 11.40 % of the
shares outstanding. There have
not been any insider transactions
in the last six months.
As of 12/8/2003, there were 370,000
shares short.
Net Institutional Selling: 622,000
shares: prior to latest quarter. |
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|
| Articles: |
CombiMatrix
Receives $1,250,000 Payment in
Strategic Alliance with Toppan |
|
