RE:RE:Impacted by end of agrements in LATAM- is this only Gilead ?I think we can agree that it wasn't exactly the result we had hoped for. I am still optimistic for the platform in the long term.
The GBT acquisition is still being worked out and the return profile has a ways to go yet before it reaches an acceptable level of return. My take is that Management has forgone short term returns to focus on building a stronger foundation for the business.
The shares are cheap for those who are looking a little deeper but it still requires a faith in Managements ability to progress the platform and generate sufficient returns on the capital deployed. The NCIB has been a useful tool for creating value but I am approaching the point where I would be happy with them to execute on some opportunities that are more strategic.
LR