Schering Ploughed
Thursday, April 3rd, 2008Schering Plough (SGP: chart, web, Y!) just can’t win, and I’m happy I decided to sit on the sidelines to watch the show. The more they try to pump the Vytorin drug, the lower the stock sinks.
Last week the stock got ploughed after doctors revealed they wouldn’t recommend the drug to their patients. Ouch!
So now Schering has resorted to cutting jobs in order to save money. Not good. Not good at all.
This certainly doesn’t look like a good buy-it and forget-it stock.
Loading ...
