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Perrigo Company Public Limited Company Message Board

  • citiccgirl citiccgirl Feb 4, 2009 10:37 AM Flag

    PRGO Collins Stewart sees four key reasons to own the stock now

    04-Feb-09 08:37 ET PRGO Perrigo: Collins Stewart sees four key reasons to own the stock now
    Collins Stewart sees four key reasons to own the stock now, following their Q2 earnings yesterday morning with EPS of $0.46 vs $0.50 consensus, and lowered FY09 guidance to 1.75-1.90 from $1.92-2.00 (consensus $1.87): 1) They expect PRGO to maintain and grow its leadership in OTC store brands, sales which have proven to be defensive; 2) They expect mgmt to improve its cost structure for its nutrition and API businesses by the end of FY09; 3) The market is not fully appreciating PRGO's terminal value which will be driven by Rx to OTC switches and a trend toward self medication; & 4) The co is a potential acquisition target for a large cap US or EU pharmaceutical co that is looking to complement its branded OTC business. Firm lowered their tgt to $28 from $40.

 
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149.76+2.49(+1.69%)Sep 22 4:00 PMEDT

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