Replies to post #144940 on Biotech Values

[JJM760]

Thanks, I should get an assist for lobbing you such a meatball. ;0)

[jbog]

Do you have any real data to back up that thesis? Real Numbers will do fine.

[dav1234]

AMGN new highs..baby big pharma (lol)..PCYC,MDVN still going too.

[haysaw]

Demand for high-quality branded generics made by trustworthy multinational companies will grow strongly for decades to come thanks to the burgeoning middle classes in countries where prescription medicines used to be affordable for only the rich.

This may be one of the most flagrant examples of an oxymoron I have ever heard. It might be an arousing exercise for you to research how projections pan out over the long haul, particularly in relation to high speculation. It will go the way of the rich and powerful until it doesn't, but it will be too late for those who foolishly ride the wave. Maybe you will realize the change whilst it's happening, but you will be the exception.

[DewDiligence]

Big Pharma is finally getting some respect. PFE (23.61) hit its highest level since early 2008 and ABT (66.47) set another all-time high today.

Both stocks still have dirt-cheap valuations and plenty of room to run higher, IMO. Please see #msg-77170376 and #msg-77289456 for background.