The beat was based on a combination of strong top-line growth, increased equity income, and higher other revenue. Merck deserves credit for starting to take action to put itself back together again and investors are clearly taking up the story.
More Quotes from Tim Anderson:
The global pharmaceutical group multiple on 2006 earnings-per-share estimates is currently about 15 times, and Pfizer currently trades at 10.9 times.Tim Anderson
The company's not going out of business, but ironically it's acting like a cyclical, which drug companies aren't supposed to do. The turnaround may not happen for a couple of years, but it's a well run company that just happens to be facing a lot of problems.
Tim Anderson
Anything that moves it forward is a good thing, and this looks like it's moving forward.
Tim Anderson
While the breast cancer data is interesting, we don't think it will translate into a significant new revenue stream.
Tim Anderson
The real pivotal one will be Claritin, ... You could see some very good growth there.
Tim Anderson
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