The company's not going out of business, but ironically it's acting like a cyclical, which drug companies aren't supposed to do. The turnaround may not happen for a couple of years, but it's a well run company that just happens to be facing a lot of problems.
More Quotes from Tim Anderson:
The biggest hurdle in deals like these is the management issues - who will run the company.Tim Anderson
You've had nothing but bad news on the group, ... It's a reason why the stocks are cheap generally.
Tim Anderson
We just had to bounce back strong. This was a statement our team had to make.
Tim Anderson
Merck tells an interesting story, yet the five-year revenue and earnings growth guidance seems far-fetched.
Tim Anderson
With their amount of cash, if Pfizer couldn't get growth organically, I figured they would buy their growth through more acquisitions.
Tim Anderson
Although the company met consensus, the quality of earnings was poor, in our view, because sales growth was weaker than we forecast, expenses were lighter than expected, interest income was above guidance, and the tax rate was significantly below historical levels.
Tim Anderson
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce QuotesI use that as my responsibility on the show, to be the pragmatist.
Fisher Stevens
Treachery is noble when aimed at tyranny.
Pierre Corneille
I don't have a single complete show or movie or anything else that I could look at and say, "Nailed that one." But endless dissatisfaction is, I suppose, what gets us out of bed in the morning.
Hugh Laurie