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Biotech / Medical : Biotech Valuation
CRSP 54.94-0.3%11:08 AM EST
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To: Biomaven who wrote (159)4/13/1999 8:52:00 AM
From: LLCF  Read Replies (2) of 52153
 
Anyone find anything a tad twisted here?

"Wall Street doesn't reward companies for good clinical data," said Larry Feinberg, a partner with hedge-fund Oracle Partners. "They only reward companies for sales and earnings."

"Obviously, you're going to miss a lot of the upside," by investing later, he said. But since sales forecasts often go unmet, he noted, the better approach is to wait and see. His fund has holdings in two of the big boys - Amgen and Biogen.

DAK

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