Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 181.46

-2.4%

3:59 PM EST

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To: WTDEC who wrote (21578)	5/31/1998 4:24:00 PM
From: TomOrt	Read Replies (2) of 32384

A quote from Michael Murphy's "Every Investor's Guide to High Tech Stocks & Mutual Funds". "The mark up from Phase III to functioning pharmaceutical co. with approved products is even larger. These co's have an average market cap. of $3 billion. So investors average a 10-1 return from Phase III to an approved, successful drug. "The two reasons the markup is so large are, first, because there are many investors that will not or, by prospectus, cannot buy development-stage, unprofitable companies. They jump on when the profits start to flow. Second, the pharmaceutical business is extremely profitable and not cyclical........" I would like to see $25.00 this summer, but what I am looking forward to, ( in spite of the day to day disappointments ) is what I expect LGND to be worth in five years. when I turn 59 1/2 and can tap my IRA. Good luck to all, go Ligand; TomOrt

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