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Cramer on BloggingStocks: Genentech bid confirms the trend

 Jul 21, 2008 09:09 AM UTC
Return Risk
-20.88% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
AMGN Positive 07/21/08 +3.76% --
DNA Positive 07/21/08 -22.50% --
RIMM Positive 07/21/08 -63.47% 12/01/08
GILD Positive 07/21/08 -12.33% --
BUD Positive 07/21/08 +1.95% --
BIIB Positive 07/21/08 -40.04% --
DVA Positive 07/21/08 -11.60% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Deals, Market matters, Anheuser-Busch Cos (BUD), Research in Motion (RIMM), Genentech Inc (DNA), Amgen Inc (AMGN), Gilead Sciences (GILD), Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says the biotechs look sweet in a bank-led slowdown.

Thank you, New York Times. Remember just a couple of weeks ago, when The New York Times wrote about how Genentech's (NYSE: DNA) (Cramer's Take) Avastin was too expensive and the stock got cracked down to $77? I know Roche did. I bet that was the last draw. The dramatic decline in the dollar plus a sentiment that has spawned a thousand articles -- that life-saving drugs cost too much -- gave the Swiss giant a chance to bolster its own anemic pipeline by buying what may be the greatest wonder drug of all time in its $43 billion bid, no doubt the beginning price for what will ultimately be a deal cl...



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