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Strategies & Market Trends : Value Investing

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To: sjemmeri who wrote (18795)3/2/2004 1:59:17 AM
From: Spekulatius   of 78673
 
Steven, i wish I had done the same thing with MEDI :-(. Kind of hard to justify hanging on to MEDI from a value perspective after the earnings revisions. The company is going to invest a lot of money in Flumist and the pipeline and the potential payday in 2007 a a long shot. Still, based on Enterprise value to market cap, MEDI looks cheap.
If nothing else, this makes MEDI interesting as an takeover candidate, for a company like Chiron perhaps, which could take a lot of cost out to justify paying a premium. I am hanging on to my shares, somewhat reluctantly.
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