A Wall Street Perspective on Generics
A Wall Street Perspective on Generics
A Wall Street Perspective on Generics
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Our Investment Approach & Outlook<br />
Initial premise: “buy & hold” strategy challenging due to<br />
generics’ inherent limited pipeline visibility<br />
Evaluati<strong>on</strong> parameters<br />
− Management strength: l<strong>on</strong>g-term strategy; daily executi<strong>on</strong>;<br />
communicati<strong>on</strong> with investors<br />
− ANDA pipeline: size relative to base; disclosed products<br />
− Earnings base & outlook: degree of diversificati<strong>on</strong><br />
Trading opportunities remain in leveraged plays<br />
Str<strong>on</strong>g fundamental outlook for industry<br />
Future forecast stock performance – earnings growth with<br />
modest multiple expansi<strong>on</strong><br />
36
Change language