Biovail Corporation is a specialty pharmaceutical company, engaged in the formulation, clinical testing, registration, manufacture, and commercialization of pharmaceutical products utilizing advanced drug-delivery technologies.
On July 20, 2007, Biovail received a non-approval letter from FDA for its new drug. After that, Biovail stock plunged more than 30%.
I think investor may over react to the news. Biovail still keep its outlook for 2007. Currently, Biovail pays quarterly dividend of $0.375 and some special dividend at the beginning of year. Comparing to its current price $17.60, the dividend yield is about 8%. Besides, the company has strong cash flow and low debt. It has diversified product pipeline. It is a good time to load more shares.
I loaded 100 share at $20.00 and another 100 share at $18.00. I would load more if the price drop again.
Sep. 01, 2009:
It proves that BVF.TO is not wrong investment. My average down process make me a big loss. It is a losing strategy. Never, never average down again.
Wednesday, August 15, 2007
Golf Town - Update
The price of golf town has dropped around $14.00 but I was overwhelmed by stock market plunge, so I decided to wait until the earning release on Aug. 13, 2007. If the earning is good, I would buy more shares.
Unfortunately, the earning is good, but then another news says that golf town will be purchased by a pension plan company at an unit price of $17.15. The price of golf town surged to $17.05, so I lost my chance to buy more shares. What a pity.
Anyway, that also proves that golf town is a good investment choice.
Unfortunately, the earning is good, but then another news says that golf town will be purchased by a pension plan company at an unit price of $17.15. The price of golf town surged to $17.05, so I lost my chance to buy more shares. What a pity.
Anyway, that also proves that golf town is a good investment choice.
Subscribe to:
Posts (Atom)