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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: jay silberman who wrote (112)12/9/1996 3:01:00 AM
From: T. Mann   of 6136
 
Jay,

i think AGPH is a perfect short at this price (if not now then after HQ Conference in January). They may see some earnings in the late 97 and (may be) some real profits in early 99. The protease inhibitors are terribly expensive to make (Merk is currently loosing money). The AIDS market may look very different 2 years from now. Let's be realistic! I have seen too many biotech stocks coming crushing down when they approached approval/marketing time. There will be time in 97 to pick up AGPH in the $30-40 range.

T.
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