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To: The Ox who wrote (3800)10/22/2014 11:29:13 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 8288
 
Agree. Bought a small stake today and will likely add some on dips. More of a sleeper position. Didn't want to buy ahead of earnings. Could see it getting back into the 50's over the next year with div income added in that's a decent return. Don't trust straight up nature of markets and hard to believe ebola won't make it into the headlines again so thinking there will be more dips to buy stocks like this.



To: The Ox who wrote (3800)12/10/2014 4:25:54 PM
From: The Ox  Respond to of 8288
 
As soon as GSK started climbing, it got shot down. Here's the latest:

BofA/Merrill Lynch downgraded GlaxoSmithKline (NYSE: GSK) from Neutral to Underperform with a price target of $45.50 (from $54.00) saying they expected the EPS downgrade cycle to continue.

Analyst Graham Parry notes the downgrade was driven 8-25% cuts to their EPS forecasts following a detailed review of near-term margin pressures, lower long-term expectations for new respiratory products and reduced buybacks given lower earnings.

"We believe GSK’s EPS downgrade cycle has not ended given our FY15/16 forecasts are c10% below consensus and our lower EPS increases our concern over long-term dividend sustainability," Parry said. "We see few pipeline catalysts and limited strategic options as an offset beyond the proposed ViiV minority IPO."




To: The Ox who wrote (3800)2/6/2015 10:57:29 AM
From: The Ox  Respond to of 8288
 
GSK rebound looking real good...charts in linked post