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god
disambiguating goat herder
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Post by ~ / % ? * on Dec 24, 2020 19:47:35 GMT
I've got shares in a company that does the antibody test for the Oxford Astra/Zeneca vaccine. If it works, it "should" be a massive hit. The Oxford vaccine has an advantage over the other two in that it can be stored at normal medical refridgeration levels, whereas the other two need -30 degree levels. You shouldn't be profiting from that. If it is a public company it is open to everyone. 80% of my neighbors of roughly 80 homes are all pharmaceuticals, half my and my wife's family. It is big business.
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Post by tory on Dec 24, 2020 19:58:49 GMT
I've got shares in a company that does the antibody test for the Oxford Astra/Zeneca vaccine. If it works, it "should" be a massive hit. The Oxford vaccine has an advantage over the other two in that it can be stored at normal medical refridgeration levels, whereas the other two need -30 degree levels. You shouldn't be profiting from that. Companies raise money by offering shares to the public. This is basic economics 101 G, it's how the world works. Without investment there would be no vaccines full stop.
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Deleted
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Post by Deleted on Dec 24, 2020 20:00:43 GMT
The world shouldn't work like that. Enough wealth is created to fund it differently.
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Post by oh oooh on Dec 24, 2020 20:00:48 GMT
Agree, I'd have no problem investing in a company working on vaccines.
Where would you draw the line, tho'?
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Post by Deleted on Dec 24, 2020 20:03:13 GMT
You shouldn't be profiting from that. If it is a public company it is open to everyone. 80% of my neighbors of roughly 80 homes are all pharmaceuticals, half my and my wife's family. It is big business. I know that. I also know the obscene levels of deaths in the US from people who can't afford basic healthcare and God help if you have to have long term treatment or drugs.
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god
disambiguating goat herder
Posts: 5,532
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Post by ~ / % ? * on Dec 24, 2020 20:15:51 GMT
If it is a public company it is open to everyone. 80% of my neighbors of roughly 80 homes are all pharmaceuticals, half my and my wife's family. It is big business. I know that. I also know the obscene levels of deaths in the US from people who can't afford basic healthcare and God help if you have to have long term treatment or drugs. Well, technically no one in the US is suppose to incur CoVid care costs, but I am not sure how that is actually working out. And the cost of drugs in the US subsidizes the cost in the rest of world or those countries just don't get that drug. The Covid crisis has also shown the importance of simple basic nutrition: Vitamin K from dark leafy greens, VitD from dairy, etc., and most people don't get it because they eat highly processed foods.
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Post by Deleted on Dec 24, 2020 20:31:55 GMT
I think that post is known as 'moving the goalposts' but I don't have the time to debate it now anyway.
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Post by tory on Dec 24, 2020 20:36:00 GMT
Conflating the likes of Skhreli with an antibody test is as well though.
Companies and people innovate, not governments in the main. Without investment from people there would be very little innovation.
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Post by Deleted on Dec 24, 2020 21:05:52 GMT
Conflating the likes of Skhreli with an antibody test is as well though. Companies and people innovate, not governments in the main. Without investment from people there would be very little innovation. So the free marketeers tell us....
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Post by cousinlou on Dec 24, 2020 22:33:32 GMT
You shouldn't be profiting from that. Companies raise money by offering shares to the public. This is basic economics 101 G, it's how the world works. Without investment there would be no vaccines full stop. Sometimes, but only sometimes, it works like that. F.i. Start ups that need seed capital. For established companies not. The value of a company - say big Pharma- is based on intrinsic value plus future expectation. Both van be either positive or negative (but they can’t be both negative.) If the intrinsic value of such a company is X and performance is such that shares are moving up, it doesn’t do much to the company itself. At best, it increases their opportunities to raise attractive credits from banks. But, banks have quite an accurate idea about the value of companies, they don’t really need the confirmation of the share price for that. The incremental value of the shares mainly benefits shareholders
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Post by oh oooh on Jan 6, 2021 23:33:22 GMT
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god
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Post by ~ / % ? * on Jan 6, 2021 23:39:47 GMT
depends what you invested in, depends if the short term gain tax wipes out the gain, or if there is a longterm gain
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Post by sloopjohnc on Jan 7, 2021 15:33:56 GMT
I know that. I also know the obscene levels of deaths in the US from people who can't afford basic healthcare and God help if you have to have long term treatment or drugs. Well, technically no one in the US is suppose to incur CoVid care costs, but I am not sure how that is actually working out. I have wondered about that from the start. After people who survive after ICU treatment, how big is their hospital bill? I know Davey's written about his daughter's care, but my son was in the NICU for a month and a half when he was born. I had great medical insurance at the time, but the total bill was $750,000+. I paid for the ambulance bill taking him from the hospital where he was born to Stanford's Packard Hospital, one of the best children's hospitals on the planet. In these days of employer's medical coverage, I'd be bankrupted. There is no doubt.
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god
disambiguating goat herder
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Post by ~ / % ? * on Jan 7, 2021 15:41:51 GMT
Well, technically no one in the US is suppose to incur CoVid care costs, but I am not sure how that is actually working out. I have wondered about that from the start. After people who survive after ICU treatment, how big is their hospital bill? I know Davey's written about his daughter's care, but my son was in the NICU for a month and a half when he was born. I had great medical insurance at the time, but the total bill was $750,000+. I paid for the ambulance bill taking him from the hospital where he was born to Stanford's Packard Hospital, one of the best children's hospitals on the planet. In these days of employer's medical coverage, I'd be bankrupted. There is no doubt. Good question. I know some people have been charged, others haven't. Also beginning January 1st all hospitals were supposed to have transparent PUBLISHED cost menus so we could compare.
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god
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Post by ~ / % ? * on Jan 11, 2021 18:31:10 GMT
Buy what you know. Looks like Doc Martens will do an IPO on the LSE
Dr. Martens said it generated sales of 672.2 million pounds, equivalent to $905 million, in the fiscal year to March, up 48% from the previous year. It said growth had been strong through the pandemic, helped by online sales.
The company has been owned since 2014 by private-equity firm Permira, which bought the business for 380 million euros, equivalent to $464 million. It plans to sell shares in the offering but didn’t disclose financial information about the IPO.
At first, the boots were worn by postal and factory workers, but they soared in popularity after Pete Townshend of The Who began wearing them. They also caught on among skinheads on both sides of the Atlantic, who prized them for their sturdiness and steel toe caps.
The company shared data showing its boots in the U.K. are bought roughly equally by men and women and that the biggest chunk of its customers—44%—comes from the 45-to-60-year-old group. It said 35% of it customers are 16 to 35 while 21% are 35 to 44.
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