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S&P 500: 1,317.11 Change: -0.21%
smokin_hot
P&P Score: 1.16   Points: -154.22   Accuracy: 68.06%   Average Pick Score: -10.72   Annual Return: -9.93% (-25.10% since 11/15/09)  

smokin_hot's Blog : Breakout of AstraZeneca

Date January 11, 2010    Comments Comments (0)    Rate this post Recommend This Post (104)   
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With the recent agreement by Teva to concede to the validity of the AstraZeneca patents for Nexium through mid-2014 as well as making a one-time payment for infringing upon the Prilosec patents, AZN is poised to breakout. I am projecting a forward looking P/E = 12, which yields a target price point > $70 by 12/10. Jump in now and realize a 50% return for 2010.
Tags : AZN   DRUG MANUFACTURER  

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