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Elan Corporation, plc Message Board

  • bidatthe_bell bidatthe_bell Mar 21, 2003 12:42 AM Flag

    WFHC -70% ELN OWNS 6%

    Johnson and Johnson controlled WFHC is a historically profitable senior Drug company with over $40 MM in annual sales to women over 40 and was $10 a year ago. WFHC dropped from $1.78 to $.63 on bad earnings, but is streamlining and forecasts RETURN TO PROFIT THIS YEAR.

    Fundamental and technical reasons WFHC a GREAT buy:
    -Big drug companies, Elan and Johnson and Johnson own BIG pieces of WFHC.
    -WFHC historically very profitable- great niche market, middle age women.
    -Slashing costs, RETURN TO PROFIT this year.

    -$.60 held firm in wake of MASSIVE selling. WFHC has hit Bottom.
    -Tiny 12 Million float. WFHC will rise VERY fast.

    Folks, this is no "R+D" drug company like LJPC: it has $40 MM + in sales, a GREAT product pipeline, backing from the drug giants and is getting its house in order again for returned PROFITS.
    Short term no brainer 50%-100% gain.

    Equity: Common Stock $.001 Par, 11/02, 40M auth., 22,949,381 o/s, net of shares in Treas. @ cost. Insiders control approx. 32% (incl. 300K options). Johnson & Johnson Development Corp. owns 8%. Elan Pharma owns 6%. IPO 6/29/99, 4.5M shares @ $11 by Allen & Company. Private Placement 08/09/01, 3.5M shares @ $9 by the Company.


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