Pharmacia & Upjohn (PNU) Message Board

STOCKTALK

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.

Biotech / Medical : Pharmacia & Upjohn (PNU)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mike kennedy who wrote (8)	7/19/1997 9:46:00 PM
From: Chuck. Edwards	of 43

Mike, I am no expert, so please don't rely too much on my opinion. Pharmacia has said explicitly that the next two quarters are a wash-out, and that the results of its restructuring will not become evident until 1998. The stock market is a predicting machine, so I suspect that the stock will turn around before then, but if the next quarter doesn't show early evidence of improved earnings, it is possible that impatient holders will bail. In other words, there could be further weakness before it heads up. Even so, I think the current price already reflects a lot of the bad news to date. I bought 100 shares at 37 (that shows you what a big-time investor I am!) and won't be disturbed if it drops to 33 or 34 before it heads up again. I don't see it going much lower. I know zip about Amgen, so I can't help there. Good luck! Chuck Edwards

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next