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10/17/2004 Archived Entry: "Drug stocks look sick!"
Thanks Don! I looked at all of these, and this is what I think:
"Give me a rally to short"!! I'll add them to my list to watch. -Neal. Don wrote:
> Neal
> Recently I have found several shorting opportunities in major drug
> stocks. These stocks are overvalued and several forces are converging to
> reduce their prices and theie p/e's.
> 1.The era of the blockbuster drug business model is coming to an end.
> 2.Their marketing costs are exceeding their research costs.
> 3.Their pipelines of new drugs are fairly weak.
> 4.Most of the companies are under legal assault for failing to warn
> their customers about.the dangerous side effects of their big money
> making drugs.
> One current example is Merck who had to pull its cash cow (VIOX) off the
> market completely.
> Some leading candidates for shorting are WYE, LLY, PFE, AZN ABT, MRK. ACL.
> Take a look and see what you think.
> Regards and good trading
> Don
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