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I hope somebody here knows whats going on with medical cannabis for children with 20 seizures a day,
Hive and so much more..
GL 2 ALL,
ps, thx for not bashing me....
Of course I am, I told you so. There is nothing happening with Mylan as long as the top two idiots remain in control.
Sentiment: Strong Sell
Any intelligent investor can see the obvious value in MYL at these levels and will be taking a position with a very reasonable expectation of a nice return over the remainder of the year. Ditto for TEVA, same dynamics in place there as well.
True, but those rate hikes, even with 25 bp intervals tend to depress the overall market and MYL has a relatively High BETA. None the less I'm holding my position and expecting a profit with little interference over time. I just don't think MYL will suddenly spike higher in a very short time, not without some unforeseen event, like a buyout, which could happen.
Fed rate hike would mean more interest expense for leveraged companies (MYL), but would only impact us if the current loans carried Variable rates. And even then, you know the Fed isn't going to go crazy wild right before elections. Maybe a 25 bp bump.
I'm Long MYL, but let's get real here. I'm sure it will see $45 and beyond but not next week, not in this choppy market with the Fed announcing interest rate hikes ahead this year. Year end MYL should be at $50 plus, there's no miracle growth factor with MYL, just a distinct value play at an unreasonably low PPS. TEVA fits that same set as well.
Debt is ok if they use it for accretive purchases. It's not like money can get any cheaper. And what better time to add to the business,,, probably the soft market facilitates their acquisitions.
Looks like it had some short term support at $45. Wonder if that will be the new resistance. I haven't looked close but my concern is the debt they are building will hurt them. I don't fully get their earning report on gaap versus non gaap because I see entities like value line report their non gaap. These biotechs have really gotten beaten up. I was suprised at the buyout offer they turned down. Looks lke a buy for short term gain but who knows.
mike, you have no idea what you are talking about............I want to buy some MYL since it will back up above $50 in a couple months so I am watching this fall to buy.
Does anyone still have any doubt where MYL is heading.....still with my mid $45 short term target in the coming days.....also notice MYL has been closing Green the past few days when the market has been getting crushed. So, if the market turns around and rally a few days MYL most likely will fly with it.......
Sentiment: Strong Buy
One could argue that such temporary mispricing of assets presents an OPPORTUNITY to traders - a nice window in which to make some easy money.
For long-term MYL shareholders, its just a small bump in the road. Perhaps a chance to add to their MYL position. And such drops may even result in buyout offers of MYL (which Mgmt would reject, but its nice to dream).
So sometimes the "casino" actually does investors AND traders a favor!
I agree 100%. It make very little sense for MYL to sell at lower PEs than PRGO and TEVA when MYL is growing much faster. If the market represented fair values then this would not happen. Over time these things even out, but MYL should be around $50 if it was trading in line with its peers.
Sentiment: Strong Buy