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Strategies & Market Trends : Disciplined Investing, especially the NAIC way -- Ignore unavailable to you. Want to Upgrade?

To: The Philosopher who wrote (332)	6/21/2002 1:09:52 PM
From: - with a K	Read Replies (1) \| Respond to of 469

Hi Christopher, I haven't looked at Amgen but would like to someday. KG looks interesting to me from this list, and it is selling off today. Snapshot: "Vertically integrated pharmaceutical company that manufactures, markets and sells branded prescription pharmaceutical products to general/family practitioners and internal medicine physicians and cardiologists." Today's news: "King Pharms selling off on Levoxyl concerns (KG) 21.17 -3.63: Stock has been under heavy selling pressure after JP Morgan issued a note before the open saying that the firm is now concerned that generic Levoxyl is more of a threat than previously anticipated; thinks the mkt is unaware of the fact that Levoxyl is already listed as a "reference drug", and expects ambiguity around Levoxyl generics to continue until a new patent is issued or a generic is actually launched; cuts price target to $35 from $55." I show KG as having low debt, a low PEG, high margins (27% net!) and I see that SmartMoney recently named KG as No. 1 in its list of "Lean, Mean, Future Profit Machines" out of 8,000 companies. Using Quicken's intrinsic value calculator and an EPS growth rate of only 15% vs. consensus of 22%, it comes out undervalued. Quicken also shows it in the top quintile for all fundamentals! Haven't done a SSG though but the earnings history looks OK at this point....