the king pays me very well and i am is loyal employee and i must agree with the king that mylan is overvalued. indeed,PE is much too high for a generic company and i do think a PE of 12 would be generous. sincerely octavius
ANYONE ELSE HEARD that generic drugmaker IVAX (ivx) and MYLAN are merging? Would it make sense?Ivax has 8100 employees vs Myl 1750. Ivx book value 4.34 vs Myl 5.73. Ivx sales 787m vs myl 511m. Ivx cash per share .96 vs Myl .92.Ivx price to book 1.73 vs Myl 3.14. Ivx mkt cap 911m vs Myl 2,297b. seems like it would make sence to turn Ivax over to mgt at Myl, and fire 6,000 employees as a start. Any comments?