Do you really think 1.5 million fee is going to break a deal of 2 billion......come on that loan agreement is only a bargaining chip in getting the price RLYP wants.
25 to 30 in seconds
most speculators are out as shown by stock price, now is when it will likely happen!
sound familiar, hint VRX......
they would be stupid to borrow more! lol
DUBLIN (AP) _ Perrigo Co. (PRGO) on Thursday reported a loss of $133.1 million in its first quarter.
On a per-share basis, the Dublin-based company said it had a loss of 93 cents. Earnings, adjusted for one-time gains and costs, came to $1.75 per share.
The results missed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The drug company posted revenue of $1.38 billion in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $1.35 billion.
Perrigo expects full-year earnings in the range of $8.20 to $8.60 per share.
Perrigo shares have declined 36 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1 percent. The stock has fallen 52 percent in the last 12 months.
and then gave a range. from what i see it fell in their range at a much reduced level....thats not a beat!
They trying to sugar coat the fact that they have reduced their numbers dramatically twice in last 6 months?
Either way conference call should enlighten us on the write down that is coming.
industry is in price war so all are experiencing big declines in earnings/cash flow and PRGO overpaid big for last acquisition which will need to be written down and cash flow is drying up here. PRGO has been diluting shares by doing expensive acquisitions with stock and debt leaving company in position like VRX and we know how badly that has ended.......stock down from 240 to 27
get ready for another big drop!