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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (256)	9/17/2003 10:41:17 AM
From: Jim Willie CB	Read Replies (2) of 108733

next up on offshore exodus... drug company revenue excellent interview on CNBC of Mayor Albano of Springfield Mass his little town will save $25 million (did I hear right?) by turning to Canadian sources for prescription drug fills each year, every year he complained of 20% annual rise in cost !!! just another sector which will decimate itself from high prices, encouraging their base to appeal to foreign sources this will have longterm effects on pharma revenues, budgets for R&D, and jobs what I cite is not directly an exodus of the mfg base to foreign soil, but rather a vaporizing trend of the heavy revenues just the start with the Congressional passage of Medicare prescrip drug bill, we will see this effect grow massively each state, and perhaps even Congress, will pave the road to Canada and maybe even Mexico the fat profit margins seen for years by drug giants will be cut down, jobs will halt, research will diminish all because of 20% annual drug cost increases oy oy oy, jim

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