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    • Amgen Looking Attractive Heading into Earnings [view article]
      Amgen's has come way too far too fast over the past month (about 25%)......and it was on virtually no news at all. Yet, the same problems that have dogged the company from the FDA since Janurary 2007 continue to exist today. Yes, they've met the (FDA induced) reduced revenues with reduced expenses by closing facilities and reducing personnel but their near term pipeline is still dismal. Everyone seems to be pinning their hopes on Denosumab and that it will blow away expectations. If Denosumab fails to deliver the expected grand slam, look out below. Denosumab is the only important late stage product left in Amgen's pipeline. I'd say this is a "buy the rumor, sell the fact" situation so any profits should be banked here and then take a wait and see approach. Jul 23 09:47 PM
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