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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?


To: RWReeves who wrote (900)3/31/2000 7:42:00 AM
From: Jim Oravetz  Read Replies (1) | Respond to of 52153
 
<at new, lower prices>
Sounds like the WalMart slogan!

While there are "others", one bio issue that seems to have weathered the downdraft is Forest Lab's (FRX). Even with a recent downgrade, the stock has barely moved south.

A quick check of the profile:
siliconinvestor.com

87% held by institutions
Good ROE
Current Ratio > 3.84
x10 Book

The prime sales driver is: Celexa, a selective serotonin reuptake inhibitor (SSRI) indicated for the treatment of depression.

Of course, with the market retracting the way it has been, sales of this product can only go up!

The only negitive is that the chances for a x10 are low at these prices (~$80/sh).
Where is the FRX thread?
Jim