ImClone Systems Inc (formerly IMCL)

[DewDiligence]

>Even without the present depression, the gains would eventually reverse as the boomers begin withdrawing money, and getting out of stocks to lock in gains.<

But, neblo, the baby boomer generation is a phenomenon of a few Western countries. As you well know, the big growth story in the next few decades will be in what we used to call the Third World.

Big Pharma (and the rest of the drug/biotech industry by association) is relatively well positioned to capitalize on this trend. Indeed, if you have listened to any Big Pharma webcasts lately, you know that allocation of resources to what are now called emerging markets has become the story in the drug industry.

Let me leave you with this chart, which I’ve reposted from the Biotech Values board:

7-Year Return vs Dividend Yield
The graphs are based on a composite of
all dividend-paying stocks on the NYSE.



Regards, Dew