Guru: “I think it’s up since you mentioned it Wednesday because FGEN finally priced its IPO. At 23/share, that’s $1.3 billion whereas AKBA is 200+ million and yet almost the same drug and one year behind. FGEN has more data, a big partnership, a year’s advantage. Again, purely on that basis, FGEN is the better company until you realize that both will be viable players. There are differences in the molecules. The difference in valuation shouldn’t be 6 fold.”
LETTER TO THE DETROIT FREE PRESS
Many of us Canadians are confused by the U.S. midterm elections.
Consider, right now in America, corporate profits are at record highs, the country’s adding 200,000 jobs per month, unemployment is below 6%, U.S. gross national product growth is the best of the Organization for Economic Cooperation and Development (OECD) countries.
The dollar is at its strongest levels in years, the stock market is near record highs, gasoline prices are falling, there’s no inflation, interest rates are the lowest in 30 years, U.S. oil imports are declining, U.S. oil production is rapidly increasing, the deficit is rapidly declining, and the wealthy are still making astonishing amounts of money.
America is leading the world once again and respected internationally — in sharp contrast to the Bush years. Obama brought soldiers home from Iraq and killed Osama bin Laden.
So, Americans vote for the party that got you into the mess that Obama just dug you out of? This defies reason.
When you are done with Obama, could you send him our way?
Victoria, British Columbia
END THE WAR ON DRUGS
Watch Ethan Nadelmann make the case. Powerful.
Quote of the Day
Follow a tip from a company's president and you will lose half your money. Get a tip from the chairman and you'll lose all of it.~Bennett Goodspeed (The Tao Jones Averages) quoting a canny Scot.
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