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Text File  |  1993-01-28  |  981 b   |  26 lines
  1. Newsgroups: misc.invest
  2. Path: sparky!uunet!charon.amdahl.com!amdahl!rtech!decwrl!ames!elroy.jpl.nasa.gov!usc!sol.ctr.columbia.edu!destroyer!news.iastate.edu!bible
  3. From: bible@iastate.edu (Anthony E Bible)
  4. Subject: Re: Drug Stocks
  5. Message-ID: <C1J3D6.LzB@news.iastate.edu>
  6. Sender: news@news.iastate.edu (USENET News System)
  7. Organization: Iowa State University, Ames, IA
  8. References: <tan.728153984@aries>
  9. Date: Wed, 27 Jan 1993 19:55:50 GMT
  10. Lines: 14
  11.  
  12. In article <tan.728153984@aries> tan@aries.scs.uiuc.edu (Lian Tan) writes:
  13. >Does anybody know what's happening to the drug companies? Both Merck and
  14. >Lilly (which I've followed very closely) have gone down fairly significantly
  15. >lately. What gives??
  16. >
  17.  
  18.     Anticipating governmental action to control healthcare costs will
  19. reduce profits.
  20.     Yesterday Merck said their earnings for next year would be below
  21. estimates.  Can't recall, but they may have reported current earnings that were
  22. low also.  Don't know about Lilly.
  23.  
  24. Regards,
  25. tony
  26.