they are not doing anything wrong. they are doing what companies are suppose to do...profit
blame the incompetent bunch that is running the government. its disgusting that the liberals are making companies look like the bad guys. its like the robbery suspect blames the owner of the liquor store for being robbed.
gild reported decent sales figures for sovaldi at end of last year. they couldn't include it in the first qtr guidance because they knew it was going to be a big part of the company's business but they couldn't give a figure because it was entering the new drug's first full qtr...this qtr, they had better q over q numbers and have better ideas what to expect going forward...so they provided guidance...
give pcyc time. i think their numbers will be huge as they gain momentum going forward. take this grossly undervalued price right now and lots of money will be made. i tried to persuade people to buy gild when it was below 70. i think pcyc below 120 is very attractive and if it goes below 110, its a buy...
just like gild's sovaldi, they couldn't really guide the last two qtrs because the drug only hit the market late last year. all the previous qtrly comparisons really mean little.
sales of the drug only gathers momentum going forward. really like what i see here this qtr and expect to see more going forward. i don't see why people shouldn't be looking at buying the stock now.
i think that will come soon. those who are aware, still don't see the bigger picture and the potential on the earnings front. its still very early obvious. but i think this thing will be heard loud and clear sooner than later...
at this point, its about imbruvica revenue and not so much about eps. that will come sooner than later. management is excited about things going forward.
the fact that they complain about the price of sovaldi, it still outsells all other competitions combined. this tells you doctors prefer the drug. patients prefer the drug. the drug works better than anything else on the market. they will continue to support the sales of the drug for a long time to come. this is why people have to get in the stock. gild is printing money. and people are getting cured. no brainer.
i'm really glad there are people out there with same thinking as you...you really make me money in this stock. keep up the bearish sentiment in gild.
easier than standing around the corner getting hand outs from people walking by. just pick up shares on the cheap and next thing you know, you have a couple of grands in your hands. thanks to those clueless about the stock and dumping it on such terrific earnings and outlook.
but i don't care here. despite the earnings and upgrade across the line, the stock is still grinding down here when it should be above 100 by now. but if people follow this stock the past year, it only grinds higher, but slowly. i can b et by next earnings, this stock will be closer to 110 than 90.