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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Pete Holm who wrote (295)2/15/1997 10:55:00 AM
From: Brad C. Dunlap   of 6136
 
Hi Pete, I don't have a balance sheet in front of me but basically book value is assets minus liablilaties divided by shares outstanding ,or shareholderes equity divided by shares outstanding . Its safe to assume the book value of AGPH is relatively low compared to the current mkt price but this is true in most all biotechs and for sure the tremendous appreciation in the past year has nothing to do with the price to book value. I think others on this thread have commented on the market capitilization[shs outstanding times current price] relative to the potential earnings power and value of AGPH product pipeline. This is where the dabate begins as to what valuation or price should AGPH currently be trading. I think Richard and others have done an excellent job of analyzing the pros and cons and potential competitive threat and when all is considered this is one exciting company.
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