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Biotech / Medical : JMED - Jones Pharma (specialty pharmaceutical mfr)

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To: Michael Burry who wrote (204)2/26/1999 12:05:00 PM
From: Mikeh  Read Replies (2) of 268
 
Its good to see a few posts on this thread. The stock has drifted in the mid20s to high 30s for the last two years. So it can be frustrating to those that bought in the upper 30s. This one requires some patience, but I don't worry about it. The right drug acquisition, however long in coming, will boost the stock price. Meanwhile, I collect the dividend and buy on the bigger dips. So far that has worked for me.

With all the large merger activity of the last two years, you have to think there are good acquisition targets out there.
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