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Biotech / Medical : WPI Watson Pharmaceuticals

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To: Zebra 365 who wrote (40)	4/7/1999 4:07:00 PM
From: Doughboy	of 61

Watson continues to be a buy right now. It has only gotten back to where it was a few weeks ago when several analysts upgraded it based on the fact that its price had dropped to value levels. In my (limited) experience holding WPI for 3 years, WPI has always stayed at about 35-40x trailing earnings, and right now it is inexplicably down at 31x. I would buy WPI up to 58 (40x ttm earnings 1.47), and I expect WPI to be at 75 by year end. Don't be surprised by a 2:1 split soon too. Last time it happened was in the 40s. Doughboy.

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