Disciplined Investing, especially the NAIC way Message Board

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Strategies & Market Trends : Disciplined Investing, especially the NAIC way

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To: - with a K who wrote (324)	5/9/2002 7:59:56 PM
From: The Philosopher	Read Replies (1) of 469

I don't know PRX -- is it still worth looking at? We held WPI and did quite well with it until it decided to go into brand drugs. At that point we sold it, since we had no track record of the company as a brand name company to base an evaluation on. The problem I see with generic makers is that it's all based on price competition. They all have to comply with the same formularies and regulations, so prices can really get cut to the bone. And there's still a huge potential liability if a batch gets messed up.

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