I like your message. However, as you noted, LLY will grow 20% year over year but less than that in past few years. What was its growth rate in the past. Does it mean LLY's growth will slow down in coming years?
Sorry it took so long to reply, but I was in Dayton today. I passed by the Lilly HQ today, oh joy!
I'm not sure what he was talking about specifically (I was only attempting to quote him). From the annual report, income from continuing operations increased 154%, 11%, and 17% in 1994, 1995 and 1996 respectively. Revenues seem to have been growing between 10-20% each year during the same period. Sorry I couldn't be more help.
What's going on? Do you lost faith of LLY? I don't know who is the last 200000 shares sold that made LLY drop from positive gain to negative lost today. but for me, I still have confident with LLY will do well in this quarter and the rest of 1998. Do you?
Randy Tobias is trying to let the market know that the extremely high growth rates of the past few years are not realistically sustainable after 1998. This is why I think the stock will be more than fully valued by the end of 1998 and it will be prudent to reassess at that point. See my message #65 on this board.
1998 looks good. I'm looking for between $90-100 per share towards the end of the year. After that it will be time to re-evaluate.