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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (16341)2/3/2003 2:27:37 AM
From: RRICH4  Respond to of 78523
 
From RealMoney on KG, King Pharma:

1/31/03 This morning, B of A released a report titled "Sell-of on Elan primary care purchase overdone" I am sure others will follow.
The company has raised 2003 guidance, as it said it would on the PM conf call yesterday. It is now expecting 2003 full year of $1.60 to $1.78. Previous guidance was $1.54 to $1.66. However, for 1q03 the company is estimating 33 cents to 37 cents, at or below the analysts concensus of 37 cents.

Even at the most conservative level of earnings of $1.54 this company is too cheap to pass up.