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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (18270)	12/29/2003 3:44:01 PM
From: Spekulatius	Read Replies (3) of 78526

My favorites for 2004: MEDI, the biotech stock with the flu vaccine Flumist. Flumist still may take off and become a 500M$ product. If so, MEDI would be considerable undervalued. PE currently about 25. Low risk: MCK - the drug distributor trades at 12x forward earnings. I still see MCK to achieve a LT growth rate in the low teens percentagewise per year.

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