My Gilead trade does not look very good right now – so I have been trying to evaluate if I was early or just wrong.
Apparently, Gilead Sciences thinks their stock is a bargain:
- The Motley Fool – Gilead Sciences Thinks Its Own Stock Is a Biotech Bargain
Not a big fan of stock buy backs – but Management seems to really feel their stock is the best opportunity for investing right now.
Other value investors also seem to feel Gilead is a bargain right now:
- Kiplinger – A Biotech Giant Goes on Sale
Please feel free to research Gilead Sciences Inc (GILD) for yourself, the stock sports a 6.8 PE ratio and Morningstar has a 5 star rating on the stock.
After looking at all the numbers a second time, I still think I am right on the stock. I built a large Margin of Error into the trade – will probably be put 700 shares next week – just in time to collect my first dividend payment.
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