Blue Chip Biotech
in response to
by
posted on
Oct 27, 2019 05:10PM
The Motley Fool Take -
"Still, there are two solid reasons to consider buying this blue chip biotech stock right now. First up, Amgen's recent acquisition of the anti-inflammatory medicine Otezla is expected to immediately boost earnings and quarterly sales. The company should, in fact, return to top-line growth by next year. Second, Amgen has one of the largest cash positions within the entire space. So there's a good chance that the biotech will pursue more bolt-on acquisitions in order to accelerate its return to form. "
This statement immediately made me think that I could be owning a good sized position in AMGN in the not to distant future. :)