Biotech Values

[DewDiligence]

DNA awards new employee bonuses to offset the loss of morale from Roche’s buyout offer:

http://biz.yahoo.com/e/080821/dna8-k.html

The awards come to $371M and will cost DNA a cumulative $0.22 of EPS spread over 2008-2010 (provided, of course, that DNA remains independent).


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”