Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Arrowhead Research - Ground-Floor Opportunity Or Biotech Bubble Baby?

Valuing a biotech, particularly one with no commercial products, is always going to be a controversial exercise. Having written on stocks for a public audience for over a decade (and for institutions before that), I'm still surprised at the number of people who will make comments like "that biotech has no earnings, it's worthless!"

It's an even more challenging exercise with a st...

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