Can This Fallen Biotech Be Revived?

I've been sorely tempted to sell my Gilead shares. But now that they're cheaper, maybe I should buy more.

When I picked up 150 shares of Gilead Sciences (symbol GILD) a little over a year ago, investors were slamming the stock because of concerns about increased competition in the hepatitis-drug market and a decline in the number of patients needing such medications. I figured that the stock was cheap, already reflected all of the bad news and was due for a recovery. I couldn’t have been more wrong.

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Kathy Kristof
Contributing Editor, Kiplinger's Personal Finance
Kristof, editor of, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. But perhaps her biggest claim to fame is that she was once a Jeopardy question: Kathy Kristof replaced what famous personal finance columnist, who died in 1991? Answer: Sylvia Porter.