STTCOMP MYX FA Long
Mayne Pharma Group [generic medicine]
MC $925M
Debt $325M cash $89M
SP 58 cents
MYX is a beaten up stock. Recent buying on good volumes is steadily driving the SP higher. The company reported a loss last year of $280M largely due to a write down of its generic drug business in the US. This appears to be a genuine one off and the company is otherwise profitable [revenue $525M EBITDA $116M]. It is generating growth in its branded products. Looks to be a recovering SP.
Disclosure: I hold MYX
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STTCOMP MYX FA Long Mayne Pharma Group [generic medicine] MC...
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