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Strategies & Market Trends : Value Investing

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From: Paul Senior	11/13/2009 1:08:02 PM
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OT: GENZ. Now here's a drug company whose quality control is so poor that one (or more?) of its products is such that it is contaminated with "bits of steel, rubber" that can be very dangerous, according to the FDA today. Stock of course has dropped sharply on the news. However, the drug is so unique and important that the gov't won't make the company recall product or cease production. Surely some actual focus by top management on their quality -- quality control/quality assurance -- ought to be able to fix these embarrassing (well, I'd be embarrassed if I worked for the company) manufacturing issues. Meanwhile, if the drug is that unique and important to customers, I'm interested in the stock. In for a few shares for a trade, on the presumption that GENZ has the brains/resources to develop important drugs, and that their manufacturing issues aren't anywhere near as difficult to resolve as it is to develop and get approval for drugs in their pipeline. I look for the stock price to recover somewhat from current levels. finance.yahoo.com (Stock not a value stock at current price, afaik.) finance.yahoo.com

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