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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Vector1 who wrote (5607)9/15/1998 6:19:00 PM
From: Hong-Lee Yu  Read Replies (1) of 9719
 
Vector1,

Avonex sales for this quarter will be at least 102M, up from 87M in Q2. Analysts are raising the estimates and price target. I believe current avg. estimate for 1999 $2.33 are too low. they should be able to deliver at least 2.50.

As for price target, as long as drug Cos are considered safe heavens, BGEN should trade between 30 and 40 times 1999 earnings.
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