UPDATE: SHIRE
Great Numbers & CC
Great Numbers & CC
- Great numbers from Shire – CC went well
- They are on the road next week and we are likely to see a lot more bullishness around them. Currently +6%
- Run this into next week as the road show will add momentum
Tue, 21 Oct 2014 13:58
SHIRE: Buy into numbers Friday
- US arbs back in selling this afternoon. Has been the daily pattern
- Deal with AbbVie is dead and most likely any other deal ST however much Paulson begs!
- However still think they are a buy . Fundamentally one of the best stocks in space
- Cheapest multiple for the growth
- They are here due to supply and demand. The arb selling is slowing drying up
- With the cash kicker they will be cash positive next year
- If they do go after a target as mentioned in the Sunday Times it should be taken well
- They have a good reputation for pulling off good deals
- Afternoon US arb selling seems to be the best entry level
- Numbers on Friday and I think they will come out fighting and bulled up. Q 2 numbers where great
- The supply demand is the most important catalyst ST…BUY into Friday