Opinions
Glenn Paradis, BA, CFA
Axcan Pharmaceuticals
AXP-T
DON'T BUY
May 20, 2003
Its OK earnings wise. They are trying to make a hostile take over which looks expensive. Core business is OK.
$16.930
Stock price when the opinion was issued
biotechnology
pharmaceutical
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TOP PICK
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