Wow... how low can this go. Low single digit P/E of around 6x in a business with growing revenues (albeit with issues at Western Biomedical). Surely Pioneer Pharma will be tempted to move up to 20% at these prices, if their business case stacked up at $0.90. Will be interesting to see if the numbers improve as a consequence of COVID-19. Will also be interesting to see if Device Technologies make a play at this.
PGC Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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