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


To: Robohogs who wrote (17058)6/13/2005 10:27:38 AM
From: rkrw  Read Replies (1) | Respond to of 52153
 
exel intent is different. alza/elan wanted to keep the eps high and the r&d cost off their financial statements.

Alza vehicles were good to me. I did a few of them, at guaranteed 20% compounded returns. You knew they were going to be bought back at prespecified prices and time frames, so it was close to risk free. I wish they were still allowed. People didn't understand what a great deal they were.