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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

613.0. "Mylan Laboratories?" by PARVAX::SCHUSTAK (Who IS John Galt!?) Wed Nov 10 1993 11:15

    Comments/Opinions on this leading generic pharmaceuitical manufacturer
    (which also has 50% of Somerset, of Depranyl for treatment of
    PArkinsons)?  
    
    I've invested AND speculated successfully in MYL on the
    NYSE, and there has been much spec recently on potential takeover,
    further fueled by the death of the chairman/founder Roy McKnigh. 
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613.1and how about circa ?STOWOA::FERNANDEZWed Nov 10 1993 13:084
    
    	Any ideas of how that may effect Circa, who also owns the other 1/2
    of Somerset ?
    
613.2PARVAX::SCHUSTAKWho IS John Galt!?Wed Nov 10 1993 15:347
    Circa (AKA Bolar) has seen a sharp increase in Share value to the $8
    -$12 trading range over the last few months.  I ASSUME this must be due
    to [primarily] the value of Somerset, and [secondarily] to their
    gaining some approvals to re-enter generic manufacturing &
    distribution.
    
    Steve
613.3Today's WSJSWLAVC::HOSSEINIWed Nov 10 1993 18:5515
    If you havent' already, read Page B5 of todays' WSJ.  Mylan has names a
    new CEO, Milan Puskar.  Most analysts think that there are chances of
    mergers and NOT straight takeover of Mylan.  Based on this article,
    there are many drug companies talking to each other these days about
    mergers and joint ventures.  My guess is that both Mylan and Circa will
    do good in view of the current health reform debate.  I am hearing from
    my friends in the industry, that more and more insurance companies
    prefer/force you to use generic version of drugs when available.
    
    The idea is that likes of Merk and big guys will want a piece of this
    action.  The best way to do that is to outright buy or merge with an
    exitsing generic drug maker.  Mylan might be a good candidate. 
    Although it is kind of pricy now (at $32).
    
    Hossein_who_had_a_chance_to_buy_MYL_at_24_and_did_not!!
613.4I own 100 sharesCSCMA::BALICHThu Nov 11 1993 10:003
    
    I'm hoping for a CIRCA takeover.
    
613.5News?SWLAVC::HOSSEINIWed Dec 15 1993 16:375
    Any news on Mylan (NYSE: MYL)?  It has come all the way down to $24
    (11/15/93's close) from $32 a month ago.  I was planning to buy some
    but can not get any news. 
    
    Thanks,
613.6VAXCPU::michaudJeff Michaud - ObjectBrokerMon Nov 20 1995 02:1410
	Well this topic is a couple of years old...

	In any case, Dan Seiver, Editor of the PAD System Report,
	recommended this stock on NBR this past Friday night.

Symbol: MYL (MYLAN LABS INC)
Last Trade: 21.3750, Change 0.0000 (0.00%) at Nov 17  4:03:07
Low/High: 21.2500 / 21.5000 (spread 0.2500)
52 Week Low/High: 16.2500 / 24.0000 (spread 7.7500)
Volume/# of Trades: 366300 / 185 (1980 shares/trade)
613.7STILL a great company in a growth industryNQOS01::nqsrv347.nqo.dec.com::SteveSGoin' for growth!Mon Nov 20 1995 13:247
Just as an FYI, this a split-adjusted value for MYL (3 for 2 about 10-12 
months ago.

Still holding this stock...and not compplaining about 20%+/per year in total 
returns.

SteveS