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Biotech / Medical : Biotech Valuation
CRSP 55.15+2.5%Jan 5 3:59 PM EST
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To: nigel bates who wrote (1265)6/30/2000 5:16:18 PM
From: Madharry   of 52153
 
I sold out of my CRGN Position today. I had a nice profit and I realized that I did not know how to value the company. Any ideas? Morgan Stanley uses a multipl of 2009 projected profits and present values and arrives at a target price 3 years hence. That methodology seems a little farfetched to me.
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