At the midpoint of the guidance ranges, 2017 revenue of $13.0B would be +17% YoY and 2017 non-GAAP EPS of $5.35 would be +9% YoY.
At the current share price, the forward P/E (based on the $5.35 of projected non-GAAP EPS) is 8.4x. If this seems low, bear in mind that MYL excludes a lot of stuff from its non-GAAP EPS numbers.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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