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Biotech / Medical : Merck
MRK 101.96-0.3%11:06 AM EST
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To: Alfred W. Post who wrote (1352)7/10/2002 6:50:27 PM
From: sea_biscuit  Read Replies (2) of 1580
 
Merck is approaching historically undervalued levels here. If it hits 40, then it will have a dividend yield of 3.5% and should be an attractive buy there.

Yet I am so SCARED to buy anything these days. Looks like we can't trust any number anywhere. I expected Merck to be particularly squeaky clean and it has come as a major disappointment. I would rather that these levels had come as a result of a general market sell-off instead of due to problems with Merck's accounting.

I am terribly disappointed. Not to mention disgusted.
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