Denmark's H. Lundbeck A/S (or "Lundbeck") (OTCPK:HLUYY)
(LUN.KO) continues to do a commendable job of restructuring and
repositioning itself to come back from significant patent cliffs. Not
only has the company launched two potential, albeit uncertain,
blockbusters in the last two years, the company's cost restructuring
effort seems ahead of plan.
With the company now offering a credible trajectory toward 20%-plus
free cash flow margins and respectable revenue growth, a fair value of
DKK247/$37.25 seems reasonable today.
Continue here:
Lundbeck's Results Easing A Lot Of Anxiety
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