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Stocks B / Bayer AG

URL:  http://boards.fool.com/i-have-personally-seen-documents-which-suggest-18598487.aspx

Subject:  Re: Litigation down the road for Bayer? Date:  2/15/2003  11:57 PM
Author:  kcirtip Number:  12 of 38

I have personally seen documents which suggest Bayer knew that some people developed fatal illnesses after taking Baycol and that they - at the very least - weren't forthcoming with their evidence. That may mean big settlements, or it may not.

From what I understand Bayer AG is facing roughly 7,800 lawsuits over Baycol. Baycol is suspected of causing around 100 deaths and over 400 cases have now been settled.

It would be interesting to know how much these settlements amount to and whether investors have already priced in extensive lawsuit payments.

My thinking is they already have with Bayer down 43% from a year ago.
The breakup value of Bayer alone is 50% higher than its current share price and the companies stock trades at a mere 14 times the current years earnings.

Looks like a buy to me.

Brian



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