Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.84

+2.8%

Nov 18 3:59 PM EST

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To: Hippieslayer who wrote (23255)	7/15/1998 11:23:00 PM
From: jayhawk969	Read Replies (2) of 32384

Fugazi, Did you read this article? "Excluding the impact of a gain from sale of Ligand stock and certain one-time costs discussed below, diluted earnings per share for the second quarter of 1998 were $0.54 compared to $0.33 for the second quarter of 1997. During this quarter, Allergan initiated a program of liquidating its common stock holdings in Ligand Pharmaceuticals Incorporated (Nasdaq: LGND - news). Allergan realized a pre-tax gain of $5.5 million, or $0.06 per share after tax, from the sale of the Ligand stock. Allergan intends to continue reducing its holdings of Ligand common stock on a selective basis over the next several quarters." I'll have to do some digging to see how many shares they still own. Can sure tend to depress prices. /

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