Originally posted by hotcoppa
A quick summary:
Bell Potter Buy $1.32 (steady)
Outlook is growing stronger, Margin growth in specialtybrands division impressive compared to industry peers.
Operating expenses impacted results negatively and pendingcompetition in a key generic drug are reasons for concern. Outlook remainsencouraging on many levels.
Credit Suisse Outperform $1 (down from $1.30)
Specialty brands performing very well up 190%. With that divisiona key driver of growth, a higher multiple for the company is warranted. Generic revenue down 10%.
Downgraded forecasts by 30% across all forecast periods.
Macquarie - Underperform $0.75 (down from $0.86)
First half results were in line with Macquarie'sexpectations. Higher future cost assumptions caused a reduction in futuregrowth estimates. Specialty brands =good but competitive pressure emerging in specialty brands = bad. Generic division in line with expectations.
Citigroup Buy $0.95 (steady)
Costs higher than expected, operations in line withexpectations. Higher level of stability in generics is encouraging. There is abalance between opportunities and threats to revenues. This warrants a cautiousoutlook but at current prices the stock is undervalued.
UBS Neutral $0.78 (down from $0.83)
MYX's 1H19 earnings improved materially on a weak pcp with grossprofit up +25% but this was FX assisted.
Operating costs up +35% - linked to a new marketing teambeing built out (marketing costs up 26%) and higher admin costs (up 31%) .
Greenville site expansion, reallocation from R&D and aone-off customer settlement all contributed to higher costs.
MYX is trading on 12-mth forward EV/EBITDA of ~9x below peer group average of 9.1x; That said, on their estimates, MYX's 12-mth forward EBITDA growth of ~12% is less than the average peer group of ~14
They are all 1 yr targets.
give even 2 yr target on this one what to talk of 5 yr..
they all have an egg on their face like those 200 million shorts.
It si Nuvaring delay IMHO that is causing this slump in the stock price and market is ignoring all the
good that is happening here.
(20min delay)