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Biotech / Medical : Elan Corporation, plc (ELN)

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To: tom pope who wrote (10014)10/30/2008 12:58:46 AM
From: Qualified Opinion   of 10345
 
I haven't decided yet. You might want to listen to Elan's last earnings conference call for the optimistic side. I ignore EBITDA and seriously consider their interest expense. I think the Tysabri sales ramp, cash flow and news on the alzheimer's drug candidates will be important when Elan's debt matures in 2011 and 2013. For me, I reduce the aggravation of a position by scaling down the position to fit the risk.
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