Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 201.28

-2.1%

3:59 PM EST

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To: RXGOLF who wrote (15195)	2/17/1998 5:22:00 PM
From: Henry Niman	Read Replies (1) of 32384

I'll stick by my statement that LGND is cheap at 18 3/8 (its 52 week high). If you look at the 1996 Roberston Stephens' report for EPS predictions in 2003 and look at the recent Bear Stearns' report, you will see that their predictions are similar (around $2.00). The Robertson Stephens' report goes out to 2006 with EPS increasing close to 100% per year and hitting $14.55 in 2006. Some like to calculate share price by multiplying EPS by the growth rate which would translate into a $700-$1400 price for LGND, making the triple digit price look like its a log lower than it should be (and I thought that the $14.55 was conservative :-)).

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