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March 2, 2007


I’ve Owned Amgen for Seven Years…

and haven’t made a dime or been paid a dividend. Guess I overpaid for it. - Sigh -

AMGN still sucking after all these years

This entry was posted on Friday, March 2nd, 2007 at 8:33 am (utc+8) and is filed under Trading and Investing.

9 Responses to “I’ve Owned Amgen for Seven Years…”

  1. Michael said:
    March 2nd, 2007 at 10:16 am

    set it free

  2. Brian said:
    March 2nd, 2007 at 10:42 am

    I suffered with that one for a while. It’s got a neat story and a mediocre pipeline. A least a boring big pharma will pay you a dividend and do the low beta thing.

    Some smart people just don’t fool around with healthcare stocks at all. I’m kind of coming around to that, eyeing my NVS uneasily.

  3. C. Maoxian said:
    March 2nd, 2007 at 11:31 am

    Michael: Maybe it will get the boot during the quarterly review my wife has instituted (out of disgust, lol).

    Brian: Yeah, I have a lot of Big Pharma stocks too, but I’m now happiest making periodic deposits into the XLV.

  4. David said:
    March 2nd, 2007 at 12:02 pm

    I agree with Michael “set it free”. I am surprised you did not have some sort of stop-loss in place when you bought it. It looks like you would have had a draw down of about 30-40% in 2002. *Ouch*

  5. Howard Lindzon said:
    March 2nd, 2007 at 12:25 pm

    if it closes above 80, good times for sure.

  6. Prospectus said:
    March 2nd, 2007 at 12:52 pm

    I’d say that Amgen “Own3d” you for 7 years. ;-)

  7. Ollie said:
    March 2nd, 2007 at 1:29 pm

    And I was just about to pull the trigger on Amgen! It looks cheap if next years earnings materialize. I like Roche (RHHBY): owns 50% of Genentech, plus Chugai Pharma, also pays out a small but growing dividend. Pink sheets is the only drawback.

  8. C. Maoxian said:
    March 2nd, 2007 at 1:30 pm

    David: I don’t use “stop losses” on any of my passive investments, and I experienced much worse losses than 30-40% during the bear market — the 100% “drawdowns” in Exodus and Broadvision spring to mind. ;-)

    I just try to be darned careful about what I pay for things now — that was the lesson learned from the first (and only) bear market I’ve experienced.

  9. C. Maoxian said:
    March 2nd, 2007 at 4:30 pm

    Ollie: Well revenues and earnings have more than tripled since I bought but the stock has gone nowhere, so you’re right, it may be cheap finally. ;-)

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