Biotech Values

[10nisman]

I used to teach this in Accounting at St. Louis University

Congratulations. You must be retired a long time, as schools have been teaching DCF models in Finance vs. Accounting classes for many decades. I was taught and mentored by Jerry Weygandt many, many decades ago --- I assume you know the name. I also have many, many decades of real world accounting and finance experience.

Believing the results of models are more than a decision making tool is error bordering on delusional.

I love when an academic thinks the real world is delusional. For some reason my clients who invest billons of dollars a year have successfully used DCF models for decades.

You can believe your models if you want to.

Thanks for the approval.