octubre 02, 2004


Is Merck a buy right now?

I almost bought Martha Stewart's corporation's stock when it was at its nadir. I was convinced it was a good deal, I just didn't get around to it. After all, the fundamentals of the business were still sound. Her supporters seemed to be rallying around her, unconcerned by the jail sentence. And the jail sentence was only going to be a short time anyway.

Apparently the stock price has since doubled.

I haven't researched Merck's situation yet and I haven't been paying attention to the story. But my initial guess is that the market has probably overreacted, and Merck is at a level worth buying.