61 ordspråk av Barbara Ryan
Barbara Ryan
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Three months ago, Wall Street was telling Pfizer to fold up its tent and go home. Now some of the things we've been waiting for are coming.
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Recent results provide clear evidence of the turnaround at Schering-Plough and the positive momentum of the cholesterol joint venture.
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Fourth-quarter 2005 sales of key brands were generally below our forecasts.
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New drugs are not going to build billion dollar sales in a few weeks. It takes years to do that.
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It's a pretty attractive property. Four billion dollar consumer businesses don't go on the market every day.
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They can get a good price for it and it's probably undervalued in their portfolio. It's not so much about them getting out of that business much as it's about unleashing shareholder value.
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Otherwise you are just creating a stalemate. Shareholders want to know who is going to be in charge.
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I think people are coming to the realization that this is going to be a marathon that's going to be running for a period of time and [Merck is] unlikely to pay any money out over the next few years.
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We believe Merck has put in place an aggressive, but achievable strategic plan.
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You're going to see a much more transparent and humbled management team with a lot more detail and granularity on a whole lot of issues, which is not characteristic of Pfizer historically. They have heard their shareholders loud and clear and recognize that they need to be transparent and more visible.
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By our calculation, Pfizer's consumer business has an implied market value of $4.6 billion but could be sold for 2 to 2.5 times that amount, or $10 billion.
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By our calculation, Pfizer's consumer business has an implied market value of US$4.6 billion ($6.9 billion) but could be sold for 2 to 2.5 times that amount, or US$10 billion.
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It's hard to think of a government agency Schering-Plough wasn't being investigated by.
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That hasn't helped anyone much. We're in an environment now where labels are becoming so riddled with warnings that people don't know what to do.
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How much we do depends on how much of the financing plan comes through.
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