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Biotech / Medical : Biotech for less than cash value -- Ignore unavailable to you. Want to Upgrade?


To: dalroi who wrote (45)6/5/2002 1:55:13 PM
From: sjemmeri  Respond to of 684
 
Too indirectly answer your question, Ben Graham (the grandfather of value investing) was a strong advocate of putting together a portfolio of stocks selling at least 1/3 below net current asset value (=all current assets - all debt). Of course, biotech wasn't invented back then but this method has worked through the years in many industries.