Once a takeover bid comes in, it no longer trades on fundamentals. If you already own, keep the stock and wait to see what happens. You could take a bit of profit here.
The biotech sector is one of the first growth oriented groups that turned up and has been relatively strong all year. Likes this one because it has a diversified revenue line. Growing cash flow.
One of the largest bio-tech firms in the world.
He thinks there is not enough control, in knowing how research is going to be able to proceed. (phase 1 through phase 6).
Instead he uses PBE-A which is a portfolio. Less exciting but more rewarding long term.