11 ordspråk av Anthony Butler
Anthony Butler
Does it increase the amount of money for which Merck is liable? ... I would say no, because Merck hasn't been proven to be liable for anything.
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Does it increase the amount of money for which Merck is liable? I would say no, because Merck hasn't been proven to be liable for anything.
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It strikes me as being unique that a company can see half a billion dollars in income go away and see it as a relatively small impact on earnings per share.
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It's certainly not a shock to me, and I don't think it would be a shock to anyone on Wall Street that the number of lawsuits has increased.
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The entire drug group is not exactly having a stellar performance and may not until the second half of 2002 when we expect a number of positive catalysts, in the form of drug approvals, to emerge within the sector,
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There's a rarely a day that goes by where there's not a negative story about a drug company. The only thing that's been delivered to the public is negative information, and it leaves the public with a sorry taste in its mouth.
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There's no evidence that the amount of payment will ever exceed the amount of cash, ... Nobody's had to cut their dividend because of liability.
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These companies are very resilient.
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Thus, if the consumer business were to be sold, or perhaps restructured into a JV contributing below Pfizer's operating line, it would likely have the effect of increasing gross margins and operating margins.
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While Pfizer's cash flow would likely be impacted by the loss or change in structure, we note that a partnership with another consumer health business could create increased clout for shelf space and thus operate with new synergies.
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While the specific product revenues of the Consumer Healthcare business are largely unknown, we note that the PCH [Pfizer Consumer Health] business operates at generally lower margins than the company's pharmaceuticals business.
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