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Biotech / Medical : Novartis
NVS 126.31-0.2%12:16 PM EST

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To: AMF who wrote (10)4/15/1997 8:45:00 PM
From: Jim Garrison   of 296
 
Sierra: The April 04 WSW was with Kurt von Emster, Portfolio Manager, Franklin Global Health Care Fund. 22% return over last few years. Interesting in that he identified the "Top Ten Potential Blockbuster Drugs". He also indicated he sold all US pharm's in december - ahead of themselves trading at 25% premium to s&p.

When asked for his favorite stock he said:

von EMSTER: Sure. My favorite stock is actually the world's
largest drug company now. It's called Novartis Corporation. They're
the Swiss conglomerate that's the merger between Ciba-Geigy and
Sandoz. It's growing at 17 percent. They have tremendous cost
synergies now from the savings they take from combining these two
companies. Excellent new product flows over the next three years. A
real solid company to invest in.

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Good trading
jim garrison
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