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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Rocketman who started this subject3/10/2002 1:45:54 PM
From: Harold Engstrom  Read Replies (1) of 9719
 
Elan: at $15/share this is a very conservative investment that will likely grow fast. ~$4.5B market cap with about $2B in debt adn $2.4B in current assets; good pipeline; between $200MM and $400MM in free cash flow from almost $2B in sales; significant ($1B-$2B) equity positions in other companies. No shoes left to drop. The cash flow will easily service the debt and earnings (based on real sales) will only grow over the next few years.
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