Replies to post #100163 on Biotech Values

[jbog]

Does anyone know if that price/contract statement is even true? I believe the only 'source' we have for it is the yahoo message boards.

tia

[mouton29]

<<Can you further explain this to me in terms of how you get to the 14.24%?>>

I believe Zipjet took the approximate savings of $46.3, divided by the estimated annual spend of $325, to produce $14.24%. Note the key qualifier in the alleged press release, savings of UP TO 40%. Maybe on sales over $300 million, you save 40%. Sort of like the graduated tax rates in the IRC, but without all of the nasty phaseouts of the lower brackets.