Old news pal, this was published in "The Hill" last Wednesday. News already in the price. Google it if you don't believe me.
Not really big news - GILD even mentioned in their CC that the VA exhausted 1st half funds and that they were expecting an appropriation soon. Maybe you see 250M is sales from the VA next quarter. Helps but hardly a huge sum.
Interesting, I don't know if the VA is subscribing Harvoni or Solvaldi but each script in the bill is getting $60,558 per - draw your own conclusions now regarding how deep the discounts are on contracts to these countries. I would think GILD gave a pretty good discount considering the patient base and that they are an American company after all. Also, did anyone notice that you don't hear much anymore from those on Capitol Hill about the price of H and S. It could be that to get that price, the VA is buying scripts up front - why else would the article mention the amount of patients they will treat.
Hey, the 15B buyback was announced at the 4Q14 CC when the still had 3B left to use from a previous buyback plan. They didn't announce another 15 B buyback this past CC 2 days ago.
Yours is the more likely scenario - retail investors really got spooked Friday, bought more this morning at a price that I though I would never see again - it was a gift. Other biotechs have such a big PE, GILD is either in line with what its suppose to be or, and this is much more likely, it is undervalued. My IRA is all in on GILD, I feel safe.
"the value of the spinoff is deducted from the parent company's share price on the ex-date" - The value of the spinoff when ? At the open of trading for the spinoff. Informative post, thanks
To the ex divvy date and record date, normally not , depends how good earnings are - remember that the dividend is shaved off the share price - if the dividend is 1 dollar, the day the dividend is paid out the stock price is 1 dollar less. I have never heard of a spin off qualification date - you either own or not own shares the day it happens. Makes sense from a BX POV - why should they tell the public days or months ahead of the actual date
As you suggested and several websites have suggested and the charts have suggested and history has suggested. Just the nature of BX business has always had EPS stalling before earnings, I have been in and out of BX for 3 years, there is never a run up into earnings and there always has been a post earning stagnation to the EPS until what is discussed in the CC has been digested and examined - they are not like a pharma company where you can see how many scripts were sold week over week. Granted, BX is a good investment but your just throwing darts unless your privy to the day to day goings on. The only thing Joe Trader knows right now for certain is that there is a spin off of the BX advisory business occurring soon
I lived there for 2.5 years - arrogance best describes the population. Nothing will get cheaper, Gotta remember, these are a proud people ( ignorant and self important as well ). Wealth has stayed within families for generations, they are not going to give this up ( nor pay taxes on it ) - todays over seventies are children of WWII, they know poverty. I just cannot believe that they are demanding restructuring and less austerity " Here is what you EU need to do for us before we borrow and #$%$ away more of your money ". Only Greeks would #$%$ on the only countries able to get them out of this mess. BX owns a 10% stake in a management firm there, Apollo management - there could be an opportunity there considering the future projects they have but now, even the government doesn't have enough money to support a project that would put 5 to 10 thousand to work.
Greek default is desert for BX, buyout of Lamda developers would be sweet.
I have worked for Greeks - intelligent but also incompetent, they seem to have their best interests in mind rather than the whole, its the "whats in it for me" syndrome - Greece is going into the crapper and they are still arrogant. Change from the Drachma to the Euro had them spending like drinking sailors. It all comes home to roost - Greece will be up for sale soon at pennies on the dollar. As a Greek once told me, we invented modern civilization and love making - while my Italian friend mentioned that there is a reason why the Acropolis and Parthenon are called ruins and it took the Italians to understand that love making was between a man and a woman.