An Undeserved Kick in the Pantshttp://www.fool.com/investing/general/2011/01/11/an-undeserved-kick-in-the-pants.aspx Brian Orelli
January 11, 2011
Celgene (Nasdaq: CELG ) kicked off the JPMorgan conference yesterday. Meanwhile, its shares got kicked in the pants.
The company basically presented three things:
The guidance of $3.30 to $3.35 per share for 2011 was slightly below analysts' expectations, but that's to be expected; Celgene tends to be conservative with its initial guidance at first, then raise it along the way. In 2010, it beat initial earnings guidance by $0.20 to