Biotech Values

[biomaven0]

>GILD

This is a complex situation. I think it is useful to divide the world here into the super-informed, the well-informed and the uninformed.

The super-informed might be looking at the whole HCV market and wondering how many years this will run, and whether GILD is just stealing from its future growth.

The well-informed look at these numbers and say "Wow!"

The ill-informed know nothing until earning come out and GILD beats by a mile, or for the slightly less ill-informed, when the brokers keep raising their estimates.

My own take is that the super-informed are being too clever by half. I have to believe this stock will go up relative to the market in the short/medium term as the broader market absorbs these script numbers and the ill-informed finally catch on.

Peter