Bristol-Myers Squibb – BMY
Growth of mega-blockbuster Plavix is helping <B>Bristol-Myers Squibb Company</B> (<a href=http://www.zacks.com/stock/quote/BMY>BMY</a>) drive EPS growth up near 16% in 2008. However, patent expirations loom large in Bristol's future starting in 2011 when the Plavix patent expires. <P ALIGN="left"> That being said, the company does have an attractive mid-to-late-stage pipeline, and management has been dramatically working to reduce costs and shed less profitable and non-core businesses. We believe the company is an attractive take-over candiate at this level for a larger pharma name such as Sanofi or AstraZeneca. EPS growth through 2011 is near the top ofbig-pharma. <P ALIGN="left"> We expect the shares to trade up near $27.
July 30, 2009 | Filed Under Stock Picks
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