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S&P 500: 1,340.35 Change: -0.84%
friendoffoxy
P&P Score: 63.32 | Points: 3.34 | Accuracy: 42.86 | Average Pick Score: 13.69   Annual Return: N/A  
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BUY: AMGEN INC. (AMGN) Rating: 2
Start Price: $41.78
Points: +59.00
Created: 03/29/2008
An overly beaten-down company. This is still a good company with solid products. I am not ready to sign on for the long haul yet but expect that in the short run ( 6 months or so) one can get a nice profit here. When legal issues are resolved I would look for a long term buy here.

1 Comment(s):

Author friendoffoxy     Date 2009-04-01 08:27:33
Legal issues are much less threatening at this point. That coupled with new products and strong research and a favorable outlook for future pipeline are enough to convience me the AMGEN is now a good long term pick - three years or so. Current price is a good entry point. Sign on & enjoy the profits.
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