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Biotech / Medical : Sepracor-Looks very promising

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To: Don Miller who wrote (2874)5/20/1999 1:41:00 PM
From: Biomaven  Read Replies (1) of 10280
 
Interestingly enough, the SEPR ICE for sibutramine is also a norepinephrine reuptake inhibitor (as well as for serotonin and dopamine). This unique triple action (sounds like a detergent commercial <g>) is what makes them so excited.

My take on this weakness is that it is still fallout from the J&J nora deal. The number-cruncher sorts have probably reduced or pushed out the expected earnings from nora (or increased their discount rate) and this has a fair effect on the near term earnings. There are also a species of shorts that go for "high priced" (i.e., no earnings, low book value) stocks with negative price momentum, and they might be piling on here.

The long term value of the company remains essentially unaffected in my view. If you are prepared to take a 3 to 4 year view, I do not think you will go unrewarded by purchases at the current price.

Peter
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