Word: bullishly
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This new-product cycle has a number of pros bullish on the sector. Sensing opportunity, New York investor Stuart Wiesbrod founded Merlin Biomed, a private health-care fund, just three months ago. He estimates that the entire biotech industry has a stock-market value of about $110 billion. That's less than the market value of one big drug company like Merck or Pfizer, each with market values around $140 billion. Yet the biotech industry has 600 drugs in advanced development, vs. maybe 20 for each big drug company...
Spurred by the fiasco, I thought I'd check on the authors of the two other tomes that came my way in a bullish burst two years ago. Seto is now a third-year undergrad, majoring in economics at the University of Michigan. His father tells me he is doing wonderfully, running the Matt Seto Fund. I could not reach the younger Seto. He's traveling overseas, but if he's still cranking out the 34% his book cover promises, he's the one who should be publishing more books. Still, it is unrealistic for most people to expect these...
...home and in 22 years managed to build a company that has 1,600 employees in 34 offices nationwide. When Maximus went public this summer, analysts rushed to rate the company a "buy," and the stock is already up almost 50%. But the outlook for private welfare is so bullish that Maximus has to compete with corporate giants like the $14.5 billion EDS and the $27 billion Lockheed Martin of the defense-and-aerospace industry. Lockheed Martin moved into the welfare field about 10 years ago, and with the cold war's end, its government-services division has become...
...said even in a strongly bullish market, theUniversity's financial policies must remainflexible for any possibility...
...Year?s Morning in America Americans are feeling bullish on the brave new year. But 1997 will be a tough act to follow...