PRGO - Perrigo: Bloodied But Unbowed - Stock Can Rise Further Than It Can Fall
Investment Thesis
Perrigo 5-year share price performance. Source: TradingView
There is an argument that says the market just doesn't like pharmacy and pharmacy-servicing stocks, but a counter-argument that suggests that these companies have only themselves to blame for their depressed share prices. In Perrigo's (PRGO) case, we can certainly argue the latter argument is true.
Selected pharmacy stocks CVS, MYL, WBA, PRGO vs. S&P 500 5-year share price performance.
Each of CVS Health (CVS), Mylan (MYL), and Walgreens Boots Alliance (WBA) earn billions in revenues and generate