On a percentage basis myl has been down even more after they issued a warning. MYL had a double whammy they warned in feb and tanked and now prgo warns and they tank another 20%. Maybe they tank another 20% after they beat earnings.
Debt structure is a non issue with an enterprise value that is around 19 B. That will serve as an attractive offer point for Mylan or JNJ and it will stick this time and they end up getting a better price than first time around.
Sentiment: Strong Buy
lol........really? They have 1 billion plus in free cash flow and royalty stream from drug that could be sold for multi billions and only 5 billion in debt.......hardly a scam with high debt like VRX!
get lost shortie!
especially in light that the company had a buyout offer in the last 6 months over double from where it is trading now!
as seeking Alpha article pointed out company is way undervalued now and ripe for Mylan or others in this rapidly consolidating industry to pounce on PRGO.
Take profit as soon as it hits $99.48.The target is valid for next one week
This prediction is based on TinoIQ A11 - Overbought Oversold IQ algorithm
Probability of trade success calculated is : 99.64%.
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Keep looking for future algorithm based results.
Hopefully, but offer might be less given today's valuation and the drag on earnings Omega created.
With your claim of over $1M invested in 11,200 shares I thought you would know this number by heart! 98~99? I do thank you for the tip on this stock because I also think it has room to run. Not $1M sure, but a small spec bet is worthwhile.
I'm only in for 400 shares at an average of $99. Will start selling covered calls against the position as we move up. GLTA
They can offer anytime they want. They could even do a hostile and there would be little resistance to a $15B bid.
What happens if Mylan comes back with a $15B bid now that Papa is gone and the shareholders are more thab receptive?