Biotech Valuation Message Board

STOCKTALK

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 56.68

-2.4%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Biomaven who wrote (5221)	12/24/2001 12:40:45 PM
From: Biomaven	Read Replies (1) of 52153

A little more on the PFE/AMGN comparison. It's interesting to note that their relative valuation is about where it was two years ago, after considerable changes (in both directions) in the four years before that period. AMGN spends a little more comparatively on R&D than does PFE. In the last 9 months, AMGN R&D spending was 66% of its income, while PFE's was 56%. So in terms of "quality of earnings" (Peter's biotech version) AMGN is a little better. Bottom line though is that I can't really disagree with most of the posters here that PFE is looking like a somewhat better value than AMGN, even after the merger-related decline in AMGN's price. Peter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next