Hi Mike, I was listening to the same segment, while I was reviewing my brokerage accounts, and taking some off the table. I have been thinking for a week or two that biotech is going to come back in style as an investment. There really is a lot of exciting work being done in biotech, but, since I missed the last go-round, my first question is whether most investors, who can't understand the science, are likely to throw money at the best-sounding story, not necessarily the best technology?
I note with some amusement that AR was asking about biotech on the Mythman thread last week. I would love to have AR explain how to value a biotech company.<g> But, since he is, I am sure, willing to concede that he cannot, my second question is how you do it? (BTW, the guys on the Myth thread told AR to ask you.) |
