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VPHM Message Board

  • laonda32 laonda32 Oct 25, 2012 2:23 PM Flag

    Oppenheimer upgraded VPHM from Perform to Outperform with a price target of $36.00.

    Oppenheimer Upgrades ViroPharma (VPHM) to Outperform Oct 25, 2012 01:05PM

    Oppenheimer upgraded ViroPharma (NASDAQ: VPHM) from Perform to Outperform with a price target of $36.00.

    Shares of ViroPharma closed at $27.25 yesterday, with a 52 week range of $18.80-$33.17.

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    • Any idea what is the specific catalyst for the upgrade?



      • 1 Reply to ronaldo60_roothogordie
      • Interesting question/comment from the analyst Q&A:

        Philip Nadeau - Cowen and Company, LLC, Research Division

        Okay, great. And then just one last question, a follow up to a question that was asked earlier on capital allocation. I just wanted to ask again about stock buybacks, and I guess, the reason why I'm curious is, it doesn't seem like for the next couple of years, your stock's going to be valued on an EPS basis, it's more on top line-to-top line growth. So given the space that you're in today, what is the benefit that you see doing a stock buyback? Why not keep the cash on the balance sheet to allow greater flexibility if there's any deals that come up opportunistically in the future?
        Vincent J. Milano - Chairman, Chief Executive Officer and President

        So Phil, we appreciate the provocative statement about how we'll be valued and it's a thought that we actually consider. So your point is a good one. I think if you look at it mathematically, you're right. The earnings power drives the technical rationale for why we buy back the stock, if you think it's undervalued. But again, we -- our business may be better than we expect and we may become a higher-growth earnings company sooner than we have targeted. So all we're really saying is that we're open to evaluate that continuously. And the fact that you raised it, it's certainly a factor in this space.