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XLV - Strongbridge Biopharma Attractive Valuation With Catalysts Approaching
SPDR Select Sector Fund - Health Care
We previously outlined the bull case for Strongbridge in our article on January 30, after which the stock declined heavily throughout 1Q 2020. This occurred as major shareholder, Broadfin Capital, was in the process of closing its doors and selling its position, followed by pressure from the Coronavirus pandemic. Importantly, the fundamentals have remained intact, as demonstrated by the company’s 1Q 2020 financial results and business update on May 6. This is a good lesson in relying on one’s fundamental thesis despite market swoons, and using stock weakness to add to positions if one