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SA contributor Valuentum joins Bernstein in defending Celgene (CELG -11.9% to $59.15), which is...

SA contributor Valuentum joins Bernstein in defending Celgene (CELG -11.9% to $59.15), which is hurting badly following its EU Revlimid bombshell today. Valuentum says the share is undervalued and is attractive at below $65. "Firms that generate a free cash flow margin above 5% are usually considered cash cows." Celgene's 3-year average is 30.6% .
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