Gilead Sciences Inc (GILD)

[DewDiligence]

If you don't own the stock, what is your purpose for posting here?

The purpose is twofold:

1. GILD is the main competitor to a company in which I own a large position (ENTA).

2. I may buy GILD at some point; I need to stay abreast of developments to be able to strike if the opportunity presents itself.

Moreover, GILD is a stock that many serious biotech investors follow whether or not they have a position. With a $110B+ market cap, GILD is one of the bellwether companies in the sector. The Sovaldi launch has attracted so much publicity and generated so much political agitation that it’s affected the entire biotech arena and the entire US stock market to some degree.