Spectrum Pharmaceutecals Inc (SPPI)

[antihama]

PRIMECAP Management knows what we know.

Per their SCHEDULE 13G issued today they now own 5.63% of Spectrum. From their web site

Objective - Long-term capital appreciation

The Fund invests mainly in stocks of U.S. companies, emphasizing those companies with prospects for rapid earnings growth. These stocks typically provide little current income. The Fund's portfolio consists predominantly of small- and mid-cap stocks.

I'm debating if I consider them astute investors. I guess they are because they figured out what we already know. I'm glad us investors are in good company.

If you invested $10,000 with them on 11/1/04, on 12/31/17 it would have increased to $59,005. If you invested the same in the S&P 500, it would have increased to ~ half of that or $31,156. Not a shabby investment outcome I would think.