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

To: Biomaven who wrote (9502)	11/17/2003 1:17:42 PM
From: RCMac	Respond to of 52153

That AMGN number is incredible - nearly 40% compounded over close on 20 years. Wonder how that compares with Microsoft? Quick and dirty calculation: 35.9% since March 13, 1986 (from closing price on IPO day, not IPO price). Yahoo notes that MSFT closed on 3/13/86, the first day of trading, at 32.25, and that it has split very many times. Yahoo gives an "adjusted price" of $0.11/share (accounting for splits and distributions, and rounding). Today MSFT is at 25.11. My HP 12C tells me that's 35.92% (using 17.66 years) compounded annually. Of course, that number will swing a bit depending on the precise number that Yahoo rounded to 11 cents. If anyone cares about a more precise number, the IPO price adjusted for the splits would be more a more precise starting point than Yahoo's rounded 11 cents.