RE:RE:Company valuation is pathetic.US-based Elite Pharma (ELTP) has similar financials to Medicure, primarily into generics, and has nothing near the potential of a transdermal Aggrastat in their portfolio, yet has a market cap of over $400million...
If Medicure became US-based (of which they have offices in New Jersey), and promoted their company a bit more, you could easily see a valuation between $50-$100million on a US exchange.
Reasons for the current share price? By solely relying on Canadian investors--the real money is in the US. There is a cross-listed ticker (MCUJF)--of which I own shares. Yet, my brokerage no longer allows purchases of foreign stocks, only allows the sale of existing shares.