A diary of the thought process behind my investment decisions
No yield on Gilead? Don't you prefer stocks with yield?Like PFE?
They trade at 11 times net of cash. They buy back stock instead of giving a dividend.
Meant 11 times earnings.
I listened to the GILD presentation at the Barclays conference trying to find a reason for the decline. Instead, I was tempted to add to my position. I had not realized, for example, that GILD's largest research commitment was to hepatitis C drugs. I think even GILD's fans tend to ignore that particular portion of their pipeline.
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