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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Michael Berkel who wrote (8288)12/13/1997 3:44:00 PM
From: Hank  Respond to of 9285
 
Yes, I know all about BMY's expansion plans. It will take years for their efforts to pay off. They are pouring money into expansion in NJ, CT, and IN. It will affect the bottom line eventually since there will be a lag time before the extra productivity is acheived. Big drugs firms are among the last to fall in a bear market but I see about a 25% drop in BMY and others such as MRK and PFE happening eventually. My guess would be in the next 2-3 months.

Hank


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