Thursday, September 13, 2018 10:07:51 AM
And then from a capital perspective, we are a Company that generates a lot of cash and we are under-levered from that perspective. So I think we deployed our capital reasonably. In the last 12 months, we've done seven acquisitions or collaborations. The largest being the one with Ionis, which we are excited about. I think we will probably get to that later. And we've also deployed capital to shareholders.
We bought back $2.75 billion worth of stock in the second quarter for about $288 a share. Today, the stock price is close to $340, and we put a new share repurchase program in place. So we've got ample capacity and financial cash generation and an outlook that both return capital to shareholders and continue to build the pipeline. So we are certainly not done. There is a lot of work to be done with the Company, but we are pleased with our progress and we look forward to the future. near end:
my read is he uses corp-speak to pass on Faint Praise on "reasonably"[/b].As you would know an audience of this type is highly skilled at listening for such dog whistle words. Sounds like he has $$$ and sees this as an obligation to grow by product venue not by just more of the same. I agree w/your read on growing the pipeline...very clear.
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