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Biotech / Medical : Biotech Valuation
CRSP 57.05-0.6%Dec 9 3:59 PM EST
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To: Biomaven who wrote (33290)1/1/2010 12:42:46 PM
From: tom pope  Read Replies (3) of 52153
 
I certainly remember that extraordinary first quarter of 2000. I also remember moaning about the tax bill that was accruing, never thinking for a moment that the rest of the year would take care of most of that. But one thing that has always stuck in my mind is the comment made sometime in late 2000/2001 by a respected poster who no longer is seen here, that we would look back in five years and not believe the incredible bargain we were being offered in Incy - at 25. Since it had been close to 150, that seemed like a perfectly sensible comment at the time.
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