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

To: Lance Bredvold who wrote (369)	12/23/2001 11:38:58 PM
From: Lance Bredvold	Read Replies (2) \| Respond to of 384

Since we are creating the illusion of great interest in shares of Mylan corporation and since my last post stimulated me to go read a bit of the Yahoo thread on Mylan and do just a bit of memory work, I checked my old Value Lines and found that in mid 1992 R. McKnight was the chairman and CEO and by 1995 Mylan Puskar had inherited that role. And what stimulated that quest was the observation by someone on that esteemed thread (named Trigger--presumably a reflection on his loves rather than his number of legs-- that the price of Mylan had risen rapidly and consistently for some long period up to 1992 or thereabouts and then stopped growing rapidly. Thus he asked what changed and when no one else answered I looked up that piece of trivia. My impression always was that McKnight was a well respected and loved chairman with charisma and that the president, Puskar, who also was a founder but had been on the sales side rather than administration, was not regarded with much respect by either the scientific or business community. Thus it is my suspicion that Mylan carried an unjustified amount of good will and enthusiasm for magical growth through the early 90's and there has been a more realistic or at least lower expectation of growth in years since McKnight died. It is possible that Puskar has grown into the job although it appeared to me that the price fixing accusations came largely as he tried to bull improved margins. Not much finesse that I saw, but maybe they were trying to pull a fast one on the US. No, how could they raise the price that much that fast and expect no one to notice? I don't think Mylan was doing more than what Puskar regards as his right to price leadership of the industry but that is just a top of the head guess. Lance