Stock price of LLY is ridiculously cheap. Share price should be well over $40 by now. LLY should buy back their stock as this is an anomaly.I am buying at this current price. P/E of 1/2 of their competitors makes zero sense.
all the money they will lose when their drugs go generic?
Maybe there is a very good reason why LLY "looks cheap".Stop by your local library and read the July 16, 2010, Value Line report (page 1606 of the Std Edition).Compare 2013-2015 projected/estimated Sales per share and Earnings per share to 2009 actual. Do you see that the compound annualized growth rates are negative?Read the paragraphs that are bolded as follows:"The upcoming patent cliff is cause for concern."and"This stock lacks 3- to 5-year recovery potential."JMHO, but if something looks too good to be true, it probably is.
can't say I told you so.
New here. Got in today. $36.09. LLY's numbers are hard to beat with a long term hold goal.
to hit the market for long term and so far there is NONE.
Much better than any CD and almost as safe.