Replies to post #156235 on Biotech Values

[jq1234]

Let's see where it trades tomorrow. Hope it trades like FB IPO :-).

[DewDiligence]

The rationale for owning ZTS is simple; here’s a brief excerpt from Bloomberg:

http://www.bloomberg.com/news/2013-01-31/pfizer-s-zoetis-raises-2-24-billion-pricing-ipo-above-range.html

Zoetis is benefiting as people consume more protein, a trend likely to increase as wealth grows in emerging countries such as Brazil, China and India, said Marshall Gordon, of New York-based money manager ClearBridge Investments LLC. As meat consumption grows, so will spending on animal medicine for cows, pigs and poultry…

“This is a play on global income growth -- as people rise in income, they eat more protein, and they have more companion animals.”

Essentially the same as what I said at the bottom of #msg-82548993.