RE:Gudisbad is pleased with the results I am pleased, or at least pleasantly surprised, by the Q4 results -- well over the guidance.
I would have hoped for a stronger 2023 guidance, though. So I cannot say that I'm "pleased" with that.
But there are positives in the current situation:
- the sales of the innovative portfolio are growing,
- the business continues to generate a nice cash flow (although I would prefer this to grow as well),
- we have the Incyte and Rigel products, plus a bunch of generics, in the pipeline,
- we have a very strong balance sheet for any opportunities,
- we can buy back our stock at an increasingly attractive valuation.
But yes, I would like to see more growth, more products in the pipeline, more products acquired, more products in-licensed, and so forth. I do believe that all of this will take place, and I do trust the management to make intelligent, rational and risk-averse decisions to get there. It may seem frustratingly slow and quiet at times but that's the price of discipline.