Opinions
Malvin Spooner
Axcan Pharmaceuticals
AXP-T
DON'T BUY
Jan 31, 2002
Had a nice run. May be a bit high now.
$21.500
Stock price when the opinion was issued
biotechnology
pharmaceutical
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Part pharmaceutical and part drug development. Very profitable. Strong balance sheet and lots of cash flow. Generates about US$1.50 free cash flow every year. In a very stable gastro-intestinal market. They're also in-licence some drugs which gives them some pretty good upside. Trading at about US$14 with $1 a share free cash on the balance sheet.
biotechnology
pharmaceutical
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