{"id":89,"date":"2005-12-26T09:07:07","date_gmt":"2005-12-26T13:07:07","guid":{"rendered":"https:\/\/stockherd.com\/moosepond\/?p=89"},"modified":"2012-12-22T13:20:25","modified_gmt":"2012-12-22T17:20:25","slug":"amgen-inc-2","status":"publish","type":"post","link":"https:\/\/stockherd.com\/moosepond\/2005\/12\/26\/amgen-inc-2\/","title":{"rendered":"Amgen Inc. (AMGN)"},"content":{"rendered":"<p class=\"box\"><a href=\"https:\/\/stockherd.com\/moosepond\/files\/ssg\/amgn_20051226.pdf\">SSG and PERT A (12-26-2005)<\/a> | <a href=\"http:\/\/www.google.com\/search?sourceid=navclient&amp;ie=UTF-8&amp;oe=UTF-8&amp;q=stocks%3A+amgn\">Google &#8220;Stocks: AMGN&#8221;<\/a> | <a href=\"http:\/\/www.amgen.com\">Company Website<\/a><\/p>\n<p><a href=\"http:\/\/www.amgen.com\"><img decoding=\"async\" style=\"margin: 0px 5px; float: right\" title=\"Amgen Inc. \" src=\"https:\/\/stockherd.com\/moosepond\/files\/img\/amgn_logo.gif\" border=\"0\" alt=\"AMGN Logo\" \/><\/a> Amgen remains a <strong>HOLD<\/strong>.  Morningstar provides the following summary of Amgen:<\/p>\n<p><em>Amgen stands out in an industry dominated by companies trying to creep out of the red. With 37% operating margins last year (excluding acquisition-related charges) and historical margins periodically surpassing 40%, Amgen has proved its ability to translate sales into profits. Even though it invested $2 billion in research and development last year, Amgen still generates plenty of cash, with free cash flow solidly above 20% of sales. With these numbers, Amgen is rewarding investors by both funding future growth and repurchasing shares. <\/em><\/p>\n<p><strong>Growth. <\/strong> The Value Line 3-5 year growth projection for revenue growth is 18.5% and EPS is 10%.  M* only forecasts 15% revenue growth.  The attached stock selection guide uses revenue growth of 17%.  Using the preferred procedure, this results in EPS growth of 15.5% and a projected 5-year EPS of $5.88.<\/p>\n<p><strong>Quality.<\/strong> AMGN is high quality company with Value Line rating Financial Strength A++ and Earning Predictability 95.  Section 2 of the SSG shows average return on equity (ROE) of 16.8% and average pretax margin of 41.6%.  The RQR quality rating is  78.2.<\/p>\n<p><strong>Valuation. <\/strong> Applying the above and a conservative future average PE of 23, the projected average return is 10.8% making Amgen a <strong>HOLD<\/strong>.  M* rates AMNG four stars meaning the stock is under valued.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SSG and PERT A (12-26-2005) | Google &#8220;Stocks: AMGN&#8221; | Company Website Amgen remains a HOLD. Morningstar provides the following summary of Amgen: Amgen stands out in an industry dominated by companies trying to creep out of the red. With 37% operating margins last year (excluding acquisition-related charges) and historical margins periodically surpassing 40%, Amgen [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_jetpack_memberships_contains_paid_content":false,"_links_to":"","_links_to_target":""},"categories":[10],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts\/89"}],"collection":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/comments?post=89"}],"version-history":[{"count":3,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts\/89\/revisions"}],"predecessor-version":[{"id":718,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts\/89\/revisions\/718"}],"wp:attachment":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/media?parent=89"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/categories?post=89"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/tags?post=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}