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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (2998)5/25/1999 10:21:00 PM
From: LLCF  Read Replies (2) | Respond to of 10280
 
< the enormous price volatility tell me, as an actuary, that a discount rate of something like 50% is definitely appropriate.>

But why wasn't it appropriate 2 months ago (ie. stock = $140)?

:)

DAK



To: jeffbas who wrote (2998)5/26/1999 1:19:00 AM
From: David Howe  Read Replies (1) | Respond to of 10280
 
<< For example, a discount rate of 50% and a p/e of 30 applied to $10 earnings in 4 years means that $60 is the appropriate price today. >>

I agree with your statement, and I'd be happy with a 50% return from this level over the next 5 years.

Time will tell.

Dave


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