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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who wrote (59)	2/4/2002 12:53:46 PM
From: Michael Young	of 787

I'm not sure what the full story is with ELN. Just a few weeks ago I read a very lenghty UBS report on the stock. The analyst really liked it in the mid $40s. I was less than thrilled with the their products and pipeline. It seems like they have cobbled together a bunch of products through acquisitions. The pipeline got even worse after the bad news regarding the Alzheimer's drug. I see that analysts are panning the company today. The guy over at CSFB has hated the stock for years. He has finally been proven right. I see he is quoted today still hating the stock. It is probably a good buy here for a trade, but I'd personally rather just stay away. MIKE

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