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Biotech / Medical : Watson Pharmaceuticals
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To: Jacob Snyder who wrote (59)10/13/1997 4:39:00 PM
From: Dan'l Leviton   of 83
 
Jacob, Thank you for the very well-considered and well-stated response. I won't load up all at once. I was speaking loosely.

As for WPI being overvalued, I don't think so yet. Comparing P/E to growth rate, and in light of the split, I think it can go up from here.

I don't disagree with your point about being able to buy WPI sometime in the future for a P/E of 15. I just think I can do okay without having to wait a year or two to get in.

Can this thread wake up?

Dan'l
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