Gilead (NASDAQ: GILD ), a biotechnology firm that makes treatments for HIV and liver disease C, cut 21 basis points off the FundAAAs return, as its stock decreased 9.2% from $91.86 to $83.42. The companyAAAs underperformance was driven by weakness in its hepatitis C company, as pricing came under stress because of raised competitors. Offered GileadAAAs proven performance history of innovation and also its strong balance sheet, our team believe the firm has numerous chances, not only to keep management in HIV and hepatitis C, but additionally to broaden its profile right into brand-new therapeutic areas. From Jerome Dodson (Trades, Profile )’s Parnassus Fund second quarter 2016 commentary.About GuruFocus: GuruFocus.com tracks the stocks choices as well as portfolio holdings of the globe’s best investors. This value investing site provides stock screeners as well as valuation devices. And releases everyday write-ups tracking the most recent actions of the world’s best capitalists. GuruFocus likewise gives encouraging stock concepts in 3 monthly e-newsletters sent out to Premium Members. This article initially showed up on GuruFocus.
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