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Biotech / Medical : Forest Labs (FRX)

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To: radman33 who wrote ()6/8/2000 3:19:00 PM
From: radman33   of 9
 
Does anyone else out there have any useful information on FRX? Marketing protection for Celexa expires in 2003 which will obviously have a negative impact on the stock as well as Prozac coming off patent protection. However, they should still have 2-3 years of outstanding earnings growth with Celexa as the primary earnings driver.

FRX is trading at 66x 1999 earnings but only 44x 2000E; expensive compared to MRK/JNJ/LLY/etc, but in line with WLA/PFE/PHA which are all growing at similar rates.

Jay
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