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S&P 500: 1,317.11 Change: -0.21%
smokin_hot
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smokin_hot's Blog : FRX - drug stock

Date December 4, 2009    Comments Comments (0)    Recommended (92)   
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Recent trading over the past several weeks has been providing the underpinning for a minimum stock price of about $30/sh.
The FRX pipeline is full with new products projected for a 2010 and beyond, thus current sales revenue growth (now stuck at 6% per annum) should get a jump start, and therefore, I expect a breakout within the next three to six months.
Also, FRX is well positioned with generic and branded products and is one of the rare drug companies with a vertical retail business model.
Financials are great, NET margin of 18%, no debt.
I would expect that the market will drive a stock price of $45/sh by March (and $52.50 by December 2010).
I own the stock.
Tags : FRX   DRUG COMPANY   PHARMACEUTICALS  

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