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Biotech / Medical : ICN Pharmaceuticals

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To: Amy Feller who wrote (936)10/29/1998 11:21:00 PM
From: Clouseau  Read Replies (2) of 1029
 
Folks - I've taken the liberty to cut/paste Jim Frankel's Yahoo post giving an initial assessment of the WDR report in ICN...good summary of the upside potential.
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Some points made:

1. Undervalued compared to peers

2. Rebetron's Blockbuster potential

3. ICN leading push into Eastern Europe and Russia.

4. $200 million debt offering in August 98 may fuel more accretive acquisitions.

5. Yugo's inportance decreasing rapidly.

6. Improved, centralized accounting standards.

7. Best positioned pharmaceutical company in Eastern Europe and Russia.

8. Stong experienced managment team.

9. ICN's human resource inventory an enormous, as yet untapped, competitive advantage. Whether it's a $200 per month Ph.D. (actually, now less tha $100 per month after devaluation) ...

10. An attractive acquisition candidate.

Lots more goodies.
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Discussion?

Dave
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