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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Izzy who wrote (2883)11/19/1997 5:15:00 PM
From: Steve Fancy  Read Replies (1) of 6136
 
Izzy...I'll bet a lot of us are concerned. The stock will likely continue to trend downwards if the lack of news continues. There appear to be too many if's remaining to support the stock at these P/E levels.

The supporting analysts have clammed up, other than internal documents released to sooth nervous investors, and the company dosen't release any news. If Austrailian approval has happened, or is about to happen, they should let investors know, along with expected inpact to the bottom line. I don't buy that '98 estimates include anything but US sales. Agoroun should clarify this. I will write them and ask.

sf
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