RE:BNN next week
Interesting!
In the short-term, our results and financial situation will be significantly influenced by a couple things:
1) Will the MOH contracts continue coming in? This will significantly affect our growth rate in the short term.
2) I assume the final decision for the tax issue will be made soon (or this year, at least), just because it has already taken quite long. Winning this would be a nice bonus although I'm not counting on this at all. But either we will or we won't have $40M+ of extra cash around. This won't change the outlook of the business but getting an extra cash worth 8% or so of the market cap is always nice.
Both of those could go against us.
However, for the long term, we're in growing markets (both in terms of geography and product categories) with a team that knows what they're doing. The scale advantages are kicking in, we have growing products within the portfolio (including a few new launches), and the pipeline is nearing the point (< 1 year) where it starts producing a constant stream of new launches. Furthermore, as has always been the case, we have the balance sheet to take an advantage of new opportunities. At some point, they will find those opportunitites, but in the meantime, we have about 40% of our market cap in net cash, investments and financial assets that are not doing much for us in terms of our operational business. This is a weakness until it's a strength.