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Celgene Corp. (CELG) Message Board

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  • sdwbuy sdwbuy Jan 3, 1998 5:10 PM Flag

    Celgene will soar in 98

    Appreciate the info on CELG. Have owned several thousand shares for about a year, and it has been an interesting ride. Have just started adding to position, and plan to continue aggressively now that new year is here. Please keep providing news about CELG.

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    • I agree. The market doesn't believe the pending final approval for thalidomide will happen. Once it sees the approval which
      can happen any day, the stock should take off. The company can start sales almost immediately, & that should show in the first
      qtr. The BASF deal is intriguing, in that the stock appears to have no value built into it for the agro's. Spin off of the agro's
      could unlock a nice value. I believe the general climate for biotechs will also improve in '98, which should also be a boost. I
      see a $20 minimum by late '98 early '99. The unknown is the off label usage of thalomid, which lately has gotten great
      publicity. If that takes off, then this stock could be a Grand Slam.

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