When you start with a p/e of 800+, where do you find a bottom? If this get as valued as a normal business service in a few years it might have a p/e of 25. Oh Yeah, nice to see management just approved another stock plan for themselves so they get all the profit if there is any. The laywers will go after this one day...mark my words.
I sure am glad I 'resisted' taking Louis Navellier's reco. on this one. One look at the P/E should scare the rational investor off. The Motley Fool recommended it at about this level 5 -6 months ago but at least they said the stock might fall off some huge percentage in the near term. No way I put any money on any 800 P.E. stuff. Can't wait to see what Navellier says after hours this afternoon.....Looks like he should have held on to REGN instead.
The MF has been a pump and dump or just PUMP for many many years now. They will almost never admit they are wrong.....because they make money either way (they make it from fools who sign up or who look at their site and ads).