Forest Laboratories Inc. Message Board
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no talking
HEY, is this company's stock going to keep going up?
it is at a 52 week high and no one has a thing to say.
( the post before dont count )
p.s. I would say more but I haven't confused myself enough to think i know all :)-
I bought this one @31 from a trial subscription to VectorVest. Maybe the service is worth the price.
Does anyone have longer experience with it?
jacko33398 -
Stood on the sidelines toooo long, good luck to all you lucky investors! Should have pressed that buy button yesterday. I'm almost sorry I checked the closing....
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Hey longtlab i just read that frx was upgraded from outperform to a strong buy . . . and by the way it's now up 4 1/2 to 36 1/2
how those calls doin
(it's not that i'm superstitious or anything but since i started typing to myself i've made about $7,700) -
Upgrade ,my friend, big time upgrade...I wish I had bought in this AM...too rich for my blood -up over 3.5 already. Congrats. to all reaping this harvest!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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As a pharmacist, I decidedm to look at this stock because
of rx sales for Flumadine for the flu. The P/E of 145 was a
shock to me. Why so high. Must be something besides th
Australian flu. How about some input from anyone that knows.
JimG, Rx- 3 Replies to jimgrx
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FRX do not have the ability to push the new drugs through the approval process at the FDA in a timely fashion. So, one has to be careful and should not be too optimistic about their approval of new drugs at the expected dates. Remember they are venturing into the new arena of innovative drugs from their traditional generic drugs business. So, there will be a long and painful learning process. Nobody knows their new management capabilities and their management culture.
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Our investment club has held FRX for a couple of years now...bought it on the high end of the buy range and have had a few scary moments when sales and earnings dropped because of overstocking and inventory adjustments...but FRX is back on the right track it seems...P/E so high it seems to me due to the minus earning during those readjusment times...it should readjust and with the stock split coming...we are holding on to our shares!
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I agree. The p/e is scary. I was going to buy in the 40's but I hesitated. Now, it's way too rich for my blood. If there's a correction, I'll take another look. Good luck.
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