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Perrigo Company Public Limited Company Message Board

  • valuecap valuecap Mar 23, 2010 2:05 PM Flag

    $26 to $126?

    I applaud the way management is wisely investing in a business they can leverage. There should be real acquisition synergy and a platform for additional growth in a channel they know well. I would not be surprised to see PRGO earn $5.00 share in FY ending June 2013 (2011/$3.60, 2012/$4.25, 2013/$5.00). Although I started buying PRGO at $26, I think the business model and "story" keeps getting better. Patient investors should like the next 3 years with PRGO building a broader business platform and even stronger position in attractive segments. I like what I see so far...

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    • I thought it was finally time to take a look back at my post from March 2010. And yes...I'm still holding as management is continuing to make solid strategic decisions that deserve the valuation and support the growth projection.

    • Just trying to do a short "home work" before investing in Perrigo and would like to know where from is the figure $126?


      • 1 Reply to itche81
      • I am projected a TTM P/E of 25 based on my projection of $5.00 EPS in 2013. Even with $4.50 earnings and a P/E or 20...PRGO should trade in the 90s in 3 years. Buying under 60 in 2010 seems like a solid value play. I would look for another positive indicator (that could change the fundamentals - top or bottom line) before jumping in above the 60-62 range in 2010. JMO... A stronger quarterly result may adjust the growth rate and justify buying above 62 in 2010. Lets revisit this after the results.

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