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ALXN - Plenty Of Further Upside In Fortress Biotech
Alexion Pharmaceuticals Inc.
Fortress Biotech (FBIO) continues to make strides since bottoming out in December. Up a hefty 134% since my last coverage on December 19, plenty of upside remains for the stock. This is because Fortress’s strong jump at the end of January had nothing at all to do with my thesis for buying the stock in the first place. That thesis still applies. Let’s begin with a mention of why Fortress exploded higher followed by a quick review of my previous bull case that still remains intact.