MYX 0.95% 53.0¢ mayne pharma group limited

Bought my first parcel today, always wanted to buy into mayne, i...

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    Bought my first parcel today, always wanted to buy into mayne, i think the shares are good value, even though this year will not show any growth.

    In the future the speciality brands will be bigger in terms of sales and profit than generic brands. Thats why i bought. Might take a couple years and thats where the future is. I see the buy up of more drugs slowing down in the immediate time to try and bed down the aquisitions of the last few years. The big write downs will slow aquisitions too. Management will be more gun shy now and crunch the numbers a bit more conservative

    I dont think the shares will drop much more, so the mid 50's looks like a bottom, unless sales continue to go down in the short term, which is hard to believe
    Last edited by Capraise: 27/05/19
 
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