The healthcare area seems to be ripe with value for investment right now after a kind of dormant period. I would invest in Mallinckrodt Plc. (symbol MNK) at $16.50 per share and Forward PE of 2.3 and a possible book value of as high $75.00 per share.
The venom is still out there on Achtar, the $$ expensive drug after the 60 Minutes TV show, but that will be corrected and they will move forward.
On this Memorial Day we salute the veterans of all wars. Let us hope that some day all wars and violence against our fellow man will end.
Freewilly
Wow. MNK got hit by triple barrel of suing US Governmemt for MediCare dropping Achtar from coverage which is a third of their profits. Then the old sins of Questcor that they bought where the old Questcor sales guys were paying bribes, and then third being labeled as one of the painkiller stocks along with Purdue Pharma and others. The stock is at $9.61 currently. Probably prudent to wait a bit and watch the trading volume and direction of the stock from here to make sure a bottom has been put in. Freewilly
ReplyDelete