We still haven't seen any moves by GILD - their billions must be burning a hole in their very deep pockets.
I have no doubt they are considering what to buy. And given their stock is cheap, the buy will be for cash.
Note that the stock at 102 is now nearing the average that the company paid in buybacks last quarter.
ij
It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes
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