Monday, July 21, 2014

The Motley Fool: Allergan Stock Earnings: Good Enough to Fight off Valeant?

It's no longer enough to evaluate Allergan's (NYSE: AGN  ) earnings on a stand-alone basis; almost everything that happens with or to Allergan these days is going to be viewed through the lens of how it impacts Valeant's (NYSE: VRX  ) hostile bid for the company and Allergan's efforts to resist that bid. Although Allergan's recent R&D update was not uniformly positive, today's earnings and guidance do serve to raise the stakes a bit, and Valeant's recent complaints to regulators tell me that Allergan has scored a few hits with its own PR program.

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Allergan Stock Earnings: Good Enough to Fight off Valeant?

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