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JA2626

07/07/20 8:23 PM

#91729 RE: Saltz #91721

Exactly right on ...

...this is going to explode and the shorts will be holding onto the rocket like the old Wiley coyote...beep beep

Blueheel1

07/07/20 9:07 PM

#91738 RE: Saltz #91721

I agree Saltz.

I guess I’ll look at it and think that the short term swings are somewhat irrelevant. One of my favorite quotes is by Warren Buffett where he says “in the short term the stock market is a voting machine, and in the long term it is a weighing machine”.

I am a big picture guy and look at it this way. I wouldn’t trade our pipeline for Gilead’s – – yet they have a nearly $100 billion market cap and ours is $3 billion. At the very least, our value is somewhere in between those two numbers – – and meeting in the middle is 15X our current value.

I have no idea when our valuation corrects to something that is more reflective of what we have – – but there is no other asset I would rather own in the current environment.