SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry S. who wrote (16813)4/11/2003 1:07:51 PM
From: Jurgis Bekepuris  Read Replies (1) of 78673
 
Larry,

I own BMY. I just went through their proxy and 2002 annual report. I don't think it is a great value right now. Assuming forward going ROE of 20% (they had much higher ROE before current slump and 20% ROE in 2002), the expected annual return is ~11%. Of course, if they get bought out or if ROE increases, this is a conservative estimate.

Regarding their numbers, since they restated everything, they should be "reasonably clean". :-/ I did not do very in-depth analysis, since I assumed they cleaned what they could and that the past is not very indicative of the future. Their FCF is negative in 2002, which is a concern, but for now I hold the stock.

I believe James Clarke had BMY in one of his accounts. Maybe he can comment. :-)

Jurgis
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News