I totally agree "oogabooga". I agree that GILD is extremely undervalued and trading at a very low P/E. But that too is the story with hundreds of other stocks that don't get the P/E that they deserve. Wallstreet doesn't care about the cash, the buybacks, the divi, the low P/E etc... They just pick the stocks they want to manipulate and do so at their will. Not to mention the power of the old mighty Options. Boy do I hate Options and wish they did not exist.
Spectacular day over all for GILD. Down another 2%. Even closing at the low of the day. What more can we ask for? This stock is acting beautifully. CEO should just stay in his private jet, sipping his Grey Goose and not say a word. Let his stock drop more and more each day so that shareholders end up broke. And better yet, just hog up all the CASH on the books. No thought of a dividend or announcing a big buyback is just great. It just feels so right to invest my money in a black hole.