If your opinion actually meant anything, then your downward revision might mean something.
However, your opinion means nothing.
First of all, who is "we/"
Second you are a fool to believe GILD will be the third or fourth most valuable company in the world next year -- with less thanbf $30 billion in sales
You need to understand a few things:
1) Companies have been trying to steal GILD's IP for a very, very long time. None have succeeeded so far.
2) GILD has developed a crack legal team to defend against fraudulent patent claims. That legal team has NEVER lost a patent fight to another compoany -- NEVER.
3) GILD's bought enough companies that it does a very good job of DD. It did not make a mistake this time.
There's no news here. None
They sure do because it was announced over 6 months ago...
You're going to have to pump much, much harder. Your current pumping effort ain't working.
The stock is up from a split adjusted $7/share 11 years ago. You don't think the street knows that GILD management is shrewd?
"Ths is a M&A candidate if the PPS doesn't catch up soon."
Just who has the roughly $240 BILLION it would take to buy the company?
Stock splits don't affect the VALUE of what you own, just the number of shares.
If you owned 1000 shares of a company and that was 25% of the company, and then the stock split 2x1, you would own 2000 shares but still only 25% of the company.
NOWHERE in the article did ANYONE say it is going to double. The question was asked, but NO ONE said it would double.
The first analyst said he'd probably be selling some at $120. No why would he do that if he thinks that $210 is on the horizon?.
"Gilead has fought the case to a win-or-lose decision,"
You are partially right. GILD has fought to a "win" decision. It's NEVER lost a patent dispute to another company.