"From a commercial perspective its hard to remain upbeat about a stock when sellers outnumber buyers 2 to 1."
What's your definition of commercial perspective... looking at the market depth and making an investment decision?
"And don't hang your hat on swine flu"
Well, have a look at the sotockpiling market priot swine flu, and watch it post swine flu. Keep an eye on research where most of the deaths didn't take anti-virals within the first 48 hours. The simple fact is that anti-virals save lives, and governments/WHO/CDC etc will have to continue stockpiling, however they will have to note the shortfalls with their lead stockpiling drug.
"I think you need to reassess the fundamentals here... "
Let's wait and see next quarter actuals and then reassess fundamentals... I hope you are wrong too :)
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- value per trade has gone up significantly
value per trade has gone up significantly, page-25
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