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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (75432)2/8/2000 6:19:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Wayne, With great difficulty and subjectivity. I look at the pipeline as it currently exists and figure the cash flow for each product if it leads in that indication, if it is just one of the pack, and if it is a laggard. Then, I discount that number by both the time involved and by a failure factor.

So, it is a lot like valuing internut stocks. If you have perfect inputs, you are in good shape. And if you have them, tell me where you got them. <g>

Last year, most of the smaller biotech stocks were undervalued if even one product became a laggard. Today, most are fairly valued if one product goes on to become the leader for the indication.
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