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Strategies & Market Trends : Value Investing
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To: Bob Rudd who wrote (20896)3/16/2005 3:35:55 PM
From: Bob Rudd  Read Replies (2) of 78711
 
BIIB My sale probably more reflects the perils of reacting to news than of Avonex - it appears the label change warning of liver damage is far more ordinary than the initial news reports portrayed it. BIIB handled this very poorly. They should have issued a press release putting it in perspective, but they didn't till after the stock got clobbered. Combined with the insider selling and uncertain future, I'll likely stay on sidelines on this one.
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