Added To Gilead

I have added to Gilead Sciences and shorted SPY against it.

4 comments:

Anonymous said...

No yield on Gilead?
Don't you prefer stocks with yield?
Like PFE?

Tsachy Mishal said...

They trade at 11 times net of cash. They buy back stock instead of giving a dividend.

Tsachy Mishal said...

Meant 11 times earnings.

Anonymous said...

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.