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Astex Pharmaceuticals, Inc. Message Board

  • ShaharAvi ShaharAvi Oct 18, 2000 10:40 AM Flag

    Single Best Biotech Buy in Years

    I have followed biotech stocks exclusively for
    many years and while I've had my share of
    disappointments (e.g., IPIC), I like to think that my
    handicapping skills are quite honed. (Can't say the same thing
    about my money management though!)

    I haven't
    posted a message on a Yahoo stock board in months, but I
    just wanted to lend a new voice to the debate by
    stating that I think SUPG at these levels is the single
    best biotech buying opportunity I've seen since SEPR's
    early years (sold that one way too early - twice). I
    don't have any new info on the company to add, but the
    data is published -as are the sales numbers for Gemzar
    -, Joe R's track record is established, and SUPG's
    pipeline, healthy balance sheet and committment to the
    shareholder's is also a matter of record (e.g,. latest CC,
    stock re-purchase program). As an aside, I am curious
    when, if ever, management will pull the trigger and
    start to re-purchase stock. Given the drop in price,
    let them buy back 1.5m shares now!

    Just
    standing up and being counted. Much to my chagrin and
    financial ill health, I've learned that there is no sure
    thing in biotech - ever. However, I stand by my
    statement that SUPG today is the single best buy in the
    biotech area of the past several years. And I bought some
    today.

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