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Strategies & Market Trends : Value Investing

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From: CURTM5/31/2009 8:37:33 AM
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Has anyone looked at PPDI? Pharmaceutical Prod Dev. (PPDI). They have been beaten down to around $20/share based on a slight EPS miss last qtr. No Debt. Large Cash Balance and Just increased their Dividend rate. Yield close to 3%

Drug companies use these Contract Resource Organizations (CROs) to assist in getting drugs to market. PE is currently around 12 whereas historically it is running around 21.

Many say that the large drug companies will continue to outsource this function and that the trend will continue. I think it is a strong buy around $20 per share for a long term investor.

This may be considered more of a growth stock than Value stock based on the PE ratios involved but I thought I would mention it

Any input?
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