I thought the results were quite good when compared against the market sentiment, and i think that is reflected in the roughly 10% bounce today.
I also liked the increasing profitability of the unique product lines, and the company has said a couple times FY20 (now) will be better than the last and singled out a couple unique products for special mention.
Markets are always looking forward for the good, and/or bad news, and i get the feeling MYX has finally turned that corner;
- Strong growth from Specialty Brands with sales and gross profit doubling;
- Business positioned for a stronger FY20 driven by growth of TOLSURA and LEXETTE,accelerated growth of Metrics Contract Services, new generic product launches and improvedoperating performance.
Geopolitical factors allowing, i think we'll rise slowly and steadily into the FY20 results.
Ann: 2019 Full Year Results Investor Presentation, page-18
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