SI
SI
discoversearch

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 : Biotech Valuation
CRSP 55.26+1.2%Nov 11 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Bong who wrote (3817)5/18/2001 11:48:15 PM
From: Biomaven  Read Replies (1) of 52153
 
Here's an interesting survey by Jardeni, looking at historical earnings estimates and PE's for different sectors:

yardeni.com

Pharmas and biotechs (meaning first-tier biotechs) are characterized by stable earnings growth and much higher PE's than most sectors. (They're around Page 47 of the report).

One quibble I have is that he should have been looking at PE's relative to the long bond, not in isolation.

Yardeni often has an interesting viewpoint, although he was way off base with his predictions of a Y2K disaster.

Thanks to Bernard (Jibacoa) for pointing me to this report.

Peter
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext