ImmunoGen Inc (IMGN)

[skitahoe]

I don't really believe that you can place a top on how high this stock may go, but of course the key is drug approvals.

I believe that IMGN plans to partner it's drugs for the immediate future, but I believe they intend to retain North American rights for themselves. If they succeed in their plans, I believe all the drugs they own have blockbuster potential in North American.

I failed to get into Amgen back in 1990 when it was trading for about $15. By the end of that decade share were trading for roughly $100, sounds like reasonably good growth, but that's not that impressive. What is impressive during that time is the fact that it had a few splits during that decade and all totaled it split 48 to 1..

I'm not saying IMGN has that much potential, but I do believe they have a lot of potential. I would happily settle for on quarter of the splits that AMGN had, that's 12 for 1 while rising to $100 in the next ten years.

Gary