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Biotech / Medical : sgp(schering plough)

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To: jbe who wrote (75)12/17/1998 3:03:00 PM
From: JBruin   of 117
 
jbe,

sorry about the ambiguity. My own conclusion was that SGP is "fairly" valued @ around a pe of 40. My assumption is that SGP will have 20% eps growth in 98,99 & possibly 2000. My other assumption is that the 30yr treasury is at 5%.

As for the reason for the recent selloff, my guess is that it was the front page article on Pharmaceutical valuations (being high) with patent expirations coming up. They specifically mentioned Claritin also.
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