Crispin
Silver Member
- Jun 26, 2012
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Guys all the major pharma companies are publicly traded pfizer, merck, bms , etc. They have actually underperformed the markets for some time. Generics are killing them Bret spend billions developing and getting a new drug approved and bang done company in India does a knockoff. So if anyone wants to ride the coattails of big pharma just dial up your broker.
Used to have the same discussion with folks who thought Halliburton was this big evil company making trillions off the gov. Again it's a public company and all info is public. Was never that profitable at all during the bush/chaney years and the part of the biz that fid the gov military contracts - brown and root - was barely profitable. So much for the great conspiracy. On an interesting aside, I did sit next to Chaney once at a lunch when I worked at a Boston money management firm. We were pretty big owners of HAL when Chaney was chairman. No horns or tail as I can remember. Just a pretty regular guy. Best.
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