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Eli Lilly and Company Message Board

  • good8 good8 Jan 7, 1998 1:06 AM Flag

    Confirmation ?

    To Lump_O_money:

    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?

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    • 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.

    • 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.

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