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Opinions Chyanne Fickes
Angiotech PharmaceuticalsANP.TODON'T BUYJul 04, 2006
Biotech stocks have not done well for quite awhile. Great company, but the market does not appreciate what they have in their pipeline. Big problem is that all their revenues are from stents via Boston who are having a number of recalls. Made a number of acquisitions in the last few years and expect they will start bearing fruit soon. Good management.
$13.23
Stock price when the opinion was issued
biotechnologypharmaceutical
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COMMENT
The stock has been hurt, but it is more of an issue because of stents. Sales projections are falling off. At this stage, you are probably facing tax loss selling for the rest of the month and then get a January bounce if the company has a decent outlook going forward. Competition has increased in this area.
biotechnologypharmaceutical
BUY
The worst news is already in the stock. At these levels, it's a Buy. Have product pipeline starting to develop. Looking at drug eluding stents in the Japanese market.
John ZechnerOwned
biotechnologypharmaceutical
DON'T BUY
Had a long-term problem with stents. Made a series of acquisitions which all look very interesting. Not sure what the effect of this will be. A raving buy at this price, but does not like buying a stock on the way down.
Chyanne FickesOwned
biotechnologypharmaceutical
