https://www.biosimilardevelopment.c...nancial-crisis-on-the-pharma-and-biotech-0001
I wonder what people think will happen to the MSB share price if the market tanks.
Now I"m no doom and gloomer, but you are naive to suggest the US market isn't in a giant tech bubble and if that collapses, the Aussie market will follow closely. A couple of points to consider:
- I had a look at what the health care index XHJ did during the financial crisis and it seemed to hold together pretty well.
- In the article I linked above, the author suggested that biotechs that were hit hardest were those in the early stages of research and development.
Based on these two facts, I would suggest that MSB share price will be hit but possibly not as hard as the market as a whole.
This might make MSB a slightly more attractive opportunity than the market realises.
Any thoughts? Anything else to consider?
MSB if the market tanks
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Last
$1.19 |
Change
0.085(7.69%) |
Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.20 | $1.09 | $13.21M | 11.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 75212 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |