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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: Andreas Helke who wrote (13844)1/28/1998 7:23:00 PM
From: Proton  Read Replies (1) | Respond to of 32384
 
Re: Relative Performance

LGND relative performance update: to BTK, -7.7%; to DRG, -17.7%.

I shan't post these every day, but they're significant enough that we
must see them.

I looked at relative performance from 1/1/97 to date and from 1/1/96
to date (a longer-term look).

Here are the performance figures:

1996-date 1997-date
DRG +97.3% +62.5%
BTK +20.7% +11.9%
LGND +9.9% -20.6%

LGND has been a challenging member of an historically challenging
group. I think your remarks about earnings driving wealth-building
share growth are well taken, Andreas.




To: Andreas Helke who wrote (13844)1/29/1998 12:55:00 AM
From: Henry Niman  Respond to of 32384
 
Andrea, I found a Biotech review with picks for 1998:

buyside.com

David Malowa of Bear Stearns likes LGND and has a 12 month target of 18-20 (which would be about 6 months from now). In general, the article indicated that 1997 was as successful as hoped, the industry was still maturing, and one of the main price drivers was NDA filings.