No. of Recommendations: 0
ResNullius said:"Drug stocks have been a very profitable area for many years. Anyone have any wisdom on whether the next couple of years
look to be as bright as the last several years. Buy and hold is my philosophy, but I have been wondering about it's applicability
to drug stocks, given the present state of politics and economics."

I reply: While drug stocks in general may be good, individual drug companies may be a rolly coaster. I rode Lilly (LLY) up to $105 about 18 months ago, then down to mid 50's on patent expiration fears for Prozac, then up to $108 on some new discovery, then down 30 pts on the news that the genereic form of Prozac may come sooner. It is now in the low 80's. In general, the gov appears to want to rein in the prescription costs which, if and when enacted, will bring lower profits to these companies. So, in summary, IMHO, I would not look to drugs as a sure-fire winner in the short term (2-3 years).
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.