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Biotech / Medical : Novartis
NVS 126.33-0.2%10:13 AM EST

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To: Sonki who wrote (36)6/13/1997 2:06:00 PM
From: Brian Malloy   of 296
 
Sonki,

hello - I think you have a nice group to choose from jj lly mrk and pfe have been mainstays of the pharmaceutical industry for many years.

nvtsy looks good from a PE and Growth comparison with the companies listed above. It would be nice to see how the PE and growth numbers were arrived at for nvtsy since it is a new\recently merged company. It may be that some assumptions are being made that may or may not be valid, or at least are ones which you would not pick for inclusion. So just make sure that these 23 23 numbers are valid. European countries may vary in their valuation methods relative to the US. Can your broker check into this for you since this is an overseas stock?

I don't feel it is possible to pick the best company all of the time. Sometimes it is best to say there is none better than this company of which the none better club may include say 5 stocks. This is what it takes in my opinion to be a stock picker. You do the research, you go with your appraisal of the one or two best of the best and one stays the course unless something drastic emerges. I think based on your research and gut knowledge you can buy any of the companies above and feel good about it over time.

Regards,
Brian
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