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

To: scott_jiminez who wrote (10605)	2/25/2004 12:21:27 AM
From: John Metcalf	Read Replies (3) \| Respond to of 52153

<Here's a link that we all can agree is a truly worthwhile cause that I hope this makes up for Peter's atrocious behavior> As one grateful for Peter's behavior, which I would characterize as insightful, sharing, and civilized, I'd just like to focus on some facts, without imagining political agendas for them. Commodities are not going off the chart, if expressed in Euros. Oil is increasingly limited in supply and enjoys rising demand. The dollar is in decline because of massive U.S. debt. For those of us who buy oil with dollars, the curve is steep and getting steeper. Eventually, the cost of money (interest rates, or other return expectations) will increase. The macro situation portends consolidation in the biotech industry, because investable dollars will go to pay rising bills. Currently, the speculative companies are attracting dollars. I think this will halt, and dollars will be consolidated in the well-funded companies with less speculative futures. At some future point, foreign buyers will again regard the U.S. market as cheap. For the investor who owns Euros. a U.S. stock with flat performance is already one-third off vs. two years ago.

To: scott_jiminez who wrote (10605)	2/25/2004 8:35:56 AM
From: RCMac	Read Replies (1) \| Respond to of 52153

just another swipe from that socialist-left, east coast elitist-groupthink-mindset lemming-botherhood. And we need to be vigilant against botherhoods, and especially lemming-botherhoods, wherever they may lurk! More seriously, for anyone trying to get a handle on these issues, there is a pretty hugh quality discussion of oil and gas economics/politics on the Yahoo CWEI board (which I don't think has actually discussed CWEI in the weeks I've been checking it).