Are Biotechs Now Overvalued? Message Board

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Biotech / Medical : Are Biotechs Now Overvalued?

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To: Julius Wong who wrote (2)	3/5/2000 3:33:00 PM
From: Jim Haynes	Read Replies (2) of 14

The responses thus far illustrate my concern. Sure, the biotechs are undervalued relative to the internets. But do biotech market values on the whole exceed intrinsic values? To the extent, if any, that they do, a new kind of risk enters into the risk-reward calculus of a long term investor. Jim Haynes

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