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Biotech / Medical : wla(warner lambert)

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To: John F Beule who wrote (894)11/5/1999 3:55:00 AM
From: billkirn  Read Replies (1) of 942
 
John: No matter what happens, the old Agouron group who kept WLA stock are doing pretty darn well.
My sense is that WLA and AHP will make a better combination. Long term cost savings will be considerable and AHP's product pipeline combined with additional sales and distribution force of WLA is a great match. PFE-WLA is a good short term shot for WLA stock holders, but very much less attractive over the long term. Look out 5 years and wonder where PFE-WLA will get new drug candidates. Pretty scary here. If PFE does win the battle, sell WLA immediately. If AHP and WLA make it through this new hurdle, hold for a good 20% per year appreciation over the long term. I like the long term approach.

William H. Kirn
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