RE:RE:Q2 CC snapshotgudisgood wrote:
Good summary - thanks Mugsy!
Any thoughts on zero buybacks in July and August (so far)?
The market seemed to like Q2... nobody knows how these will work out, but there's a fair chance we'll have some disappointment in Q3 or Q4 due to reasons you mentioned: mainly the Gileard portfolio and Exelon channel sales. Or perhaps not! Who knows. :)
On the other hand, we get to take over Exelon marketing, we have growing products, we have our salesforce out there, Akynzeo bringing in some money...
Also good to note that since they're terminating the Gilead deal, it probably added very little to the bottom line? So even though revenue takes a hit, profits will likely not.
Samira stayed on the Paladin question for a while (could have only said that they're always opportunistic). They're definitely paying attention to how that unfolds. It was interesting to hear that they prioritize Mexico and Canada when looking at deals (which are "suboptimal" right now).
Thoughts ...
Buybacks will happen in a certain range and that range might get adjusted based on perceived value. There could be a period where less attention is paid to buybacks and more on other opportunities.
It is possible that filling the pipeline for Exelon will have a positive effect but I would expect a weaker last two quarters after that - just keeping in tune with expected full year revenue numbers.
Agree with what you are saying about the value of the Gilead deal - might not play on the bottom line. Sure hope that's the case.
Mexico and Canada - does need some beefing up. I know M8 was on her list of interests and they're probably looking at M8 similars in Mexico. Wonder where that $100M financing stands and if M8/GUD would ever make that a reality.
As we know - nothing happens quickly. Hahaha !