InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
oldstocks Grandfathered
02/14/24 8:33 PM
profile icon
~Gordo~ Free
01/14/21 5:00 PM
profile icon
BottomBounce Free
12/16/20 10:05 AM
profile icon
whytestocks Free
09/13/20 7:00 AM
profile icon
BottomBounce Free
05/18/20 1:19 PM
profile icon
Glider549 Free
05/14/20 8:16 AM
profile icon
tw0122 Free
04/27/20 10:12 AM
profile icon
john1311 Free
04/26/20 11:29 PM
profile icon
tw0122 Free
04/07/20 3:11 PM
profile icon
QaB2i Free
04/07/20 8:50 AM
profile icon
buysell101 Free
03/25/20 9:21 PM
profile icon
BOS Free
03/23/20 7:41 PM
profile icon
Pt3 Free
03/21/20 11:19 PM
profile icon
giveit2me Free
03/19/20 12:13 PM
profile icon
giveit2me Free
03/19/20 12:06 PM
profile icon
buysell101 Free
03/19/20 11:13 AM
profile icon
ezyE Free
03/11/20 11:17 AM
profile icon
whytestocks Free
12/10/19 6:19 PM
profile icon
whytestocks Free
12/10/19 3:45 PM
profile icon
stratford1 Free
10/01/19 12:10 PM
profile icon
whytestocks Free
09/21/19 1:50 PM
profile icon
Trend-Setter Free
01/04/19 1:08 PM
profile icon
Trend-Setter Free
11/29/18 12:16 PM
profile icon
Trend-Setter Free
08/10/18 3:50 PM
profile icon
Trend-Setter Free
06/15/18 10:26 AM
profile icon
Trend-Setter Free
04/14/18 10:37 AM
profile icon
Trend-Setter Free
01/29/18 12:57 PM
profile icon
Trend-Setter Free
01/29/18 12:38 PM
profile icon
Trend-Setter Free
11/02/17 1:58 PM
profile icon
XtraFunds Free
05/26/17 9:09 PM
profile icon
Trend-Setter Free
03/03/17 12:18 AM
profile icon
Trend-Setter Free
03/02/17 8:33 PM
profile icon
Trend-Setter Free
02/08/17 12:15 PM
profile icon
remind2 Free
02/02/17 1:05 PM
profile icon
Trend-Setter Free
12/14/16 9:33 AM
profile icon
venturecapp Free
06/24/16 1:58 PM

Sanofi (SNY) RSS Feed

Followers
13
Posters
43
Posts (Today)
0
Posts (Total)
121
Created
09/17/05
Type
Free
Moderators
Barron's(9/19) Barron's Online: 17 Sep 00:06 (From BARRON'S) By John Kimelman In an August 2004 interview with Barron's Online Bill Fries was asked about the economic wild card that scared him the most. His answer: "the potential impact of runaway oil prices." Since then, crude has risen more than 40%. But luckily for shareholders in his Thornburg International Value Fund (ticker: TGVAX), Fries has kept a big weighting in energy stocks. Since launching the fund in 1998, Fries has beaten the average large-cap foreign stock fund every calendar year,according to Morningstar, which named him International Stock Fund manager of the year in 2003. This year, through Thursday, the fund was up 10%, versus 7.35% for its bogey, the Morgan Stanley Europe AustralAsia Far East Index. Recently, we talked with Fries, who also runs the domestic Thornburg Value Fund (TVAFX), about his investments abroad. Barron's Online: BP (BP) is the biggest position in your International Value Fund. [See table.] Why BP, as opposed to another large integrated energy company? Fries: They have a very well-diversified portfolio of production properties. They acquired Amoco and Arco in the U.S. Those were two stocks that I knew pretty well, having been an energy analyst years ago. Arco has very good West Coast refining and Amoco has some of the largest natural-gas reserves among the major integrated oil companies in the U.S. So, it is a combination of [having] good properties on the production side and recognizing the opportunities and the essential dependency on places like Russia, doing joint ventures there, which, of course does have some risk. BP is up 26% in the past year. Is it still a good value? I think it is, in part because of the incremental profit level. You still have the opportunity for increasing production and increasing reserves, and I don't think they've changed dramatically. But one thing that has changed dramatically is the higher price of oil, giving the company much more cash flow to reinvest. And that is going to give BP a better opportunity to increase oil reserves over time. Of your top four holdings, two are in energy and two are in health care. What does that tell us? Those are two areas that are core to any society today. The demand for energy, whether it be for transportation or power generation, has increased as standards of living improve. There is not going to be less demand. If you look at a place like China, it's clear that the dream of owning your own car seems to prevail in emerging markets just as it does here. So, I think the pricing will be pretty firm. As for health care, the technology is improving to both find cures for illnesses and help people cope with conditions that come from our modern society -- like diabetes. Probably 15% of our gross domestic product now is related to health care. Speaking of health care, why do you like drug maker Sanofi-Aventis (SNY) so much? Well, there [aren't] too many companies that are as broadly based [as] they are. This company is the product of three companies that were put together, so there is still plenty of room here for cost savings. They have at least one product coming that could be pretty substantial. It's called Acomplia and it's designed for weight loss. This drug is not a sure thing, because it hasn't yet been through Phase III trials. But they are finding that people who have been taking this drug [not only] end up losing weight, but also [get some] beneficial effects on conditions like diabetes and high blood pressure. When could this drug be commercially available? Maybe within the next two years -- there is still more testing to be done. Still, investors are paying a normal price for a company with a potential blockbuster drug that could really move the stock price needle should it [get] approved [by the FDA]. Acomplia could be a multibillion-dollar-a-year product.
New Post