No doubt there are no certainties. But those sentiments are what provide the opportunity, IMO. The pipeline I refer to is the generics - only. The new CEO has hardly had a chance yet to make things happen - wouldn't you say?
Those "freebies" are definitely freebies, at cost (or at replacement value). The question is, whether or not the business can generate sufficient bang on those "assets". The replacement "value", or the assets, are only worth something if they can generate a moderately economic return. My premise is that there is enough "replacement value" here, that even a moderate return on it will provide adequate returns.
Ie, not all that much needs to go right, from here.
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