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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)
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To: Elmer who wrote (903)1/21/2002 10:30:18 PM
From: Madharry   of 3044
 
the last time i read a valuation by a morgan stanley analyst it involved a target of $250 on CRGN. when i read through the analysis it was based upon a 12 year forward multiple of earnings which was then discounted. I would take these valuations with a few grains of salt. then again the analyst knows that it is not likely that he will be working for morgan stanley in 12 years or that anyone will remember what he said unless he turns out to be right.
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