RE:FxPj1958 wrote: There is a cost associated with hedging currency... If a company has revenues and expenses in both euro , pound and US , it may not be advantageous to spend 2 or 3 % of your revenue hedging if at the end of the day you think that this expense in itself will affect your profit in a negative way. I don't think these execs a blind to the pros and cons to hedging, and they have determined that hedging after such a run by the US dollar already the last 6 months or so is not to their benefit.
Correct. And Keep in mind that the current brexit debate has brought the gpb down considerably visavis usd which will show up in Cxr Q1 results. However a no vote to brexit will take the Gbp back up to the 1.55 vs usd levels or higher. I'm inclined to believe that come June the Brits will vote against brexit as the economic reasons will outweigh the political fear mongering. Nonetheless, life goes on, drugs get sold, revs climb and AMCO contribution accelerates appreciably. GltA.