Biotech Values

[WorstLuck]

$52+10+14 = $76/sh

Thanks for your updated model.

After the ABBV guidance I am now more comfortable with your peak annual sales figure. Most of my quibbles amount to trivial changes to the bottom line.

The one note of consequence is still the 8x multiplier, as it was previously. I will continue to use a lower number for my own estimates. There is still good upside available on a risk-adjusted basis IMO given normal care in trading. I just don't anticipate going overweight by more than a 1/2 position size.