The thing about analysts estimates is they are based on many assumptions , which are projected into the future so any error is multiplied the longer you project out. Remember these are the same guys that had 1.50 -2.50 valuations 2- 2 .5 years ago. To give you an example of bad assumptions , I remember Macquarie and a couple of others had TP on MGX of 19c even when cash backing was 29c as they were predicting IO in the 30s LT . Well they were horribly wrong at the stock went up 500% ( while paying another 80% in dividends ) over the next 3 years I think MYX medium term will trade higher but whether it gets to 1-2 dollars depends on where the generic business sits. It’s been priced at very little at the present and I thinK it’s worth more . I think MYX medium to long term is a good investment as I think their branded business underwrites current price and the generics is worth more. I also think they will continue to benefit from the pain of others as they look to divest or do jvs due to stretched balance sheets
MYX Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
