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TARO - Akorn: Undervalued And Executing A Turnaround
Taro Pharmaceutical Industries Ltd.
After losing more than 77% of its total enterprise value in less than four years, Akorn, Inc. (AKRX) is a name to be followed carefully. The most significant risk is the company’s financial debt, which does not justify the current low valuation. Besides, Akorn recently announced that it is making efforts to create a turnaround in the company’s business model. Akorn plans to be a profitable company again in 2020. We expect the share price to increase once market participants get to know about the new plan.