Last 2 quarters, GILEAD spent about $7B in buyback about 50 million shares at average of about $109. If GILD hadn't bought back the shares it may trade now at 70 or less and Gilead could have retired almost 100 million shares with the same amount spent. Anyway GILD lost about 1.5B in buyback. The saddest thing is that the total number of shares outstanding remains almost the same in spite of such a large buyback. As you guessed that many new shares were issued as option to the management and convertibles.
Will MERK give Hep C drugs for free? Some scientist found a cure AIDS? Did GILD lost a patent to Harvoni? Did someone stole $20B cash from Gild account? What happened? I found only good news Gild can cure all gen types of Hep C. Found a better AIDS drug with less side effects. Zydelic is more effective than expected. GILD earn $12.29 in 2015 more than 30% above initially predicted in January ,2015. Are these so bad that the stock drop 20%
But if she stays here another year and spends as she has been doing on Couric, Castro or on Tumbler, we will not have anything left. Japan Yahoo! is worth about $9 and BABA $28 (if tax free).
and already wasted half it on Couric, Castro and bunch of funky investments. None of these generated any meaningful revenue. We need a real CEO not just a pretty(?) face. Bring back Yang. At least he invested in the right thing.
She is rich enough to retire and had better take care of her baby first before draining out the last $ from us to buy other funky ventures and celebrities.
we might find that only GILD will be in positive column among S&P 500. In this dangerous time where else you can escape? Plenty of cash. lowest P/E, company in Buyback, drug industry which is usually the least sensitive to economy & stock market.
When everyone was engaged in bidding war of other Bios John was simply waiting. Now he can pick up any company at great discount if he wants. But he would rather buy up more Gild. No other bio stock is cheaper than GILD, Actually only about 10 companies on S&P500 has lower forward P/E than GILD. No other company is less dependent on Chinese or US economy, interest rate, oil price or world conflicts. Only concern, if there exists, is competition from MRK. Fear of MRK is a fear only because it still has no substance.
So is Apple. But it will make more money than all others combined.
Barrons used to report sales prediction every week based on reported NRx and TRx numbers. Since the last earning it stopped. Why? I guess it was too embarrassing to admit that the real revenue was almost 100% higher than their predictions.
As usual Mr. Hong will evaluate his position and will liquidate his holdings or buy up options before announcing the state of company.
This is the last time I will ever trade shares of Chinese management. They never acted on behalf of shareholders for the last 11 years. Only beneficiary of this company has been Chairman Hong's family including his daughter's family.
I think HUA backed out with various excuse. The deal was dubious from the very beginning. $1 per share penalty for withdrawing deal is extremely low compared to Intel-Altr or AVGO-BRCM. Anyway it is now at $23.50 is lower than $24.6 before the deal was reported last August. You can now safely say that the DEAL is OFF. WIll Hua pay $1 penalty?
Only question is who is to blame. If OVTI is guilty it has to pay $28M to Hua. If Hua called it off without good reason, OVTI will get consolation money of $1.00 per share. If Hua can blame any government agency. then Hua will refuse pay even that $1.00 per share penalty.
Shanghai stock market is collapsing very fast losing 30% in 2 weeks. Every company in Shanghai is defensive mode and absolutely no shape to buy other company. This deal is probably dead with Hua giving excuse that they cannot get Chinese government clearance. This excuse will allow them avoiding the cancellation penalty. We will be ack in 16-19 very soon.