2024-02-04 08:05:00 ET
Summary
- Bristol-Myers Squibb has faced revenue stagnation and a decline in stock price, but recent Q4 results suggest a potential rebound in top-line growth.
- BMY's in-line and new product portfolio showed strong sales growth, driven by top drugs like Eliquis and Opdivo.
- Despite risks like drug price reform and patent cliffs, BMY's strong balance sheet, attractive valuation, and high dividend yield compared to historical levels make it a compelling opportunity at present.
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Bristol-Myers Squibb: Massive Discount Spells Opportunity