PPH - The Best Defensive Sector Stock Message Board

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Biotech / Medical : PPH - The Best Defensive Sector Stock

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To: hobo who wrote (2)	10/6/2002 7:15:57 AM
From: Robert Scott	of 3

With the way the markets have been behaving lately, any sector other than the ones that have been holding up during this meltdown should represent good investments over the long haul. PFE, for example, is around 18 times next year's earnings - that's been a good entry point in the past. It's hard to believe that the importance of drug therapy is going to lessen any time in the future. In fact, I'd say it's going to continue to grow nicely. In addition, the next technology explosion will most likely be in Bio-tech. In 5-10 years it will be humming. Fortunes will be made. Computing and communications technology as it continues to advance will spawn many micro booms but the biggy will be bio-tech as it affects every living thing on the planet. I look for the big pharmaceutical companies to buy aggressively into bio-tech as it gets closer to its time.

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