Continued tough times for a key player in my least loved corner of capitalism..a.k.a. "Big Pharma." The trial jackals are all over this one and the feeding frenzy is just beginning. Don't think I want any part of a 14 PE stock with this kind of liability. Prescription drug use has dramatically increased in the U.S. over the last 10-12 yrs...are there other drugs with as yet unknown deleterious side effects that will set the trial lawyers aflutter?
The big funds defended Merck today...46mm shares were sucked up with only a modest decline in the closing print. I say it hits high teens by year end. No, I'm not short the stock.....just wanted to see where this one fits with other ER folks risk tolerance.
The big funds defended Merck today...46mm shares were sucked up with only a modest decline in the closing print. I say it hits high teens by year end. No, I'm not short the stock.....just wanted to see where this one fits with other ER folks risk tolerance.