Buy great companies when they are slammed for non company related news. I'm looking to pick more up under $160 if it gets there. This is a long term investment that will pay. (20 year shpg shareholder)
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Well the purchase of the bowel drug finally gets rewarded,back on may 18th i bought my shares and paid $177.55 am glad to see the stock getting me back to even.
I decided to double my shares at $170 from about the $192 I own it for from the buy out.
I feel good about it long term. Now, how to deal with the tax consequences of the pay out.
Give it to charity? I suppose.
Blackout, good comment. While we all want our stocks to go higher, the good investors pounce on the opportunity to buy great stocks at cheap prices available due to non company related news. Shpg is down due to the drop in the overall European markets because of the fear of Brexut.
While having a fairly large position, I will look to add some more if it drops into the $150s.
Several announcements this week. Do you still believe there is lack of communication?
06/15/2016 Shire and Kamada announce FDA approval of expanded label for self-infusion of Glassia for the treatment of emphysema due to severe AAT deficiency
06/14/2016 Shire to License PF-00547659 from Pfizer, Adding to Established and Leading Gastrointestinal Portfolio
06/13/2016 Shire Receives FDA Breakthrough Therapy Designation for SHP621 and SHP625, Investigational Products for Rare Gastrointestinal Conditions
06/10/2016 Shire announces completion of decentralized procedure in Europe for Immunoglobulin Treatment Cuvitru
I want higher, not lower, share prices. But a generalized comment like "Same thing that happens every day" without any thoughts as to why the price is moving down is pointless. Any investor would try to identify possible underlying reasons for any trend. If the underlying investment case remains intact, then logically one would add to their holdings on any unwarranted pullbacks, unless one has already built a full position and does not want to concentrate the holding further.
Some info and hang in there on Shire and buy more if it pulls back to $160-165.
Shire PLC (ADR) (NASDAQ:SHPG) shares are off by 2% after the company acquired the global rights for all indications to Pfizer Inc. (NYSE:PFE)’s PF-00547659. The acquisition of the investigational biologic for the treatment of moderate-to-severe inflammatory bowel disease improves Shire’s leading gastrointestinal unit. Financial terms of the deal were not disclosed. 49 funds in our system were bullish on Shire PLC (ADR) (NASDAQ:SHPG) at the end of the first quarter, up by nine funds from the end of 2015.
30 years investing with a cb of under $11 on Shire. You got to admit, for an experienced investor, your comment about buying great stocks on big pull backs is a stinker.
Two4, you sound like a neophyte investor. Stocks always go up and down, hopefully with the long trend being up. Buying @ $165 vs $190 as it goes to $250 is a much better return!
It's an artificial pullback, unless you believe the UK will vote to exit EU. And even then you have to consider that SHPG generates ~70% of its revenue in NA (and has most of its operations there), so the fallout from disruptions to EU sales should be marginal. Of course, it all depends on your investment timeframe... if you are only looking 1-2 years out, SHPO may not be an ideal investment. Even then, I'd say your chances of a positive return remain decent.