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楼主: ceibbs

讨论通化东宝(600867)

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 楼主| 发表于 2007-4-13 22:13:00 | 显示全部楼层

Brief Insulin History

Diabetes has been recognized as a distinct medical condition for at least 3,500 years, but its cause was a mystery until early last century.

Insulin is a hormone produced in the pancreas. It was isolated in 1921-22 at the University of Toronto. The scientists involved in the research were Dr. Fredrick Banting, Charles Best (a medical student at the time of the discovery), Professor J. J. R. Macleod and Dr. James Collip. On June 3, 1934, Dr Frederick Banting the co-inventor of insulin was knighted for his medical discovery

In January, 1922, a diabetic teenager in a Toronto hospital named Leonard Thompson became the first person to receive an injection of insulin. He improved dramatically, and the news about insulin spread around the world like wildfire. (For their work, Banting and Macleod received the Nobel Prize in Medicine the very next year, in 1923. Banting shared his part of the prize money with Best, and Macleod shared his with Collip.)

Within weeks leaders came to Toronto to see for themselves if the rumors were true and to learn how to make the insulin, both from Connaught in Toronto and from Eli Lilly, of Indianapolis, Indiana, with whom the researches collaborated to produce insulin in the United States and Latin America. While Lilly was successful in manufacturing insulin, the Toronto team continued to struggle and by mid-July 1922 there was a severe shortage in Toronto. Lilly shipped the product and by the end of 1923, insulin was being produced commercially and used to treat diabetes in most western countries.

August Krogh of Denmark, a Nobel Prize winner for his research on capillaries, was in the US to talk about his work, but found that everyone was talking about insulin. When he returned home he laid the foundation for the Danish insulin manufacturing industry and Nordisk Insulin Company. This was a non-profit-making company which together with the Novo Company was responsible for making Denmark the main insulin producing company outside of the US.

This seems nothing to do with your investment. Maybe it is not true, at least, it shows you the history of some giant companies related to Insulin.

[此帖子已被 ceibbs 在 2007-4-13 22:14:22 编辑过]
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发表于 2007-4-16 16:16:00 | 显示全部楼层
在这里我并不是指的是格雷厄姆式的安全边际,我的衡量标准是现价买入后,未来公司每股的收益能否超过长期无风险利息,至于FCF折现,我还掌握不了,我个人的判断是现价把未来2-3年的美好预期已经反应,同时我对它本身的低效率资产没什么信心,它们实际上在拖累这个公司的业绩。
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 楼主| 发表于 2007-4-17 08:31:00 | 显示全部楼层

Statically saying, you are right. It is a overvalued one. However, everything is changing quickly. You cann't predict the price in the bull market. In China when its price goes up to 30 or down to 5, correspondingly, its fiscal report will make up stories to go along with its price. Whatever is true or not, you only want to earn money, when its price is up, I will sell it out. I definitly don't want to marry with 600867. In the bull market, the cash flow momentum is more important than its intrinsic value. 600108, 600784, 600866 .......are giving our lessons now.

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发表于 2007-4-17 15:22:00 | 显示全部楼层

我们看得吃力,能否用中文啊.谢谢.

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 楼主| 发表于 2007-4-18 05:22:00 | 显示全部楼层

Hi! TJ,

I feel terrible sorry. I would like to but my computer doesn't allow me do it.

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 楼主| 发表于 2007-4-18 05:38:00 | 显示全部楼层
截止到2007年4月13日下午收盘,东宝药业通过上海证券交易所交易系统减持公司原限售流通股股份203万股(占公司总股本的1.45%);东宝药业于2007年4月10日减持公司股份497万股(占公司总股本的3.55%)。  截止到2007年4月13日,东宝药业累计减持公司股份700万股(占公司总股本的5%),尚持有公司股份19108200股(占公司总股本的13.65%),仍为公司第二大股东。
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 楼主| 发表于 2007-4-19 03:26:00 | 显示全部楼层
I hope the Index is tired to go up. If the Index can relax and backwards a little bit, then those based on the intrinsic value of companies will be encouraged. Oherwise, it seems they are confused now. I don't have this ability to predict its trend. Let's just hope...............
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发表于 2007-4-22 20:07:00 | 显示全部楼层
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发表于 2007-8-18 22:59:00 | 显示全部楼层
如果诺和诺德的胰岛素可以列入医保目录,东宝的出路又在何方呢?
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发表于 2007-8-18 23:04:00 | 显示全部楼层

我曾经问过一个医生(我同学),你认为东宝的胰岛素如何?

他回答:我们不用!

这也说明一个问题吧

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