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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (20002)11/1/2004 1:33:38 PM
From: Larry S.   of 78652
 
I hear ya Paul. I don't own MRK, haven't in many years. I have 2% of my portfolio in Pimco Global Healthcare, and no individual health care stocks.
the problem with MRK, (and PFE) is that they are so over-owned that when the big guys start dumping (as they have/are doing, then there is no ways that supply can be absorbed.
The news keep getting worser and worserer. a 5% dividend is great except when the stock keeps going down 10%. At some point, MRK may well be a buy, but not yet for me. it's doing a CD, TYC, etc swan dive right now. and the liability issue and the lawyer sharks start circling is very scary and not containable in scope yet. larry
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