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Stocks A / Aurora Biosciences Corp.

URL:  https://boards.fool.com/i-beg-to-differ-re-abscs-valuation-the-reason-12467389.aspx

Subject:  Re: ABSC - Overview Date:  4/25/2000  8:29 PM
Author:  Gmac1 Number:  120 of 195

I beg to differ re: absc's valuation. The reason it sold off was it's valuation, as it was for the entire biotech sector. Clinton's remarks may have been an added catalyst, but this is basic due diligence stuff. I bought 500 shares of absc when it was 11, at which point it appeared to have some true upside potential. I expected the stock to rise 100% within the year based on it's potential earnings. Needless to say, I was pleasantly surprised at its rocket ride and have sold all but 150 shares at different points. At a P/E of around 100 based on an est. .30/sh. 2001 earnings (@$35/share) I feel the stock is fully valued, but as a "story stock" and with obvious promotors such as Haroon (are you just recently burned or are you on absc's payroll?) and the flurry of "breaking news" being released almost daily by absc, this stock could see even more short term sizzle...just take it off the fire before you get burned.
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