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DewDiligence

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DewDiligence

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Re: DewDiligence post# 91920

Thursday, 01/24/2013 7:06:21 PM

Thursday, January 24, 2013 7:06:21 PM

Post# of 257580
BMY reneged on its 2013* EPS guidance of $1.95+ given 3 years ago (#msg-47502391); the 2013 (non-GAAP) EPS guidance issued today is $1.78-$1.88:

http://finance.yahoo.com/news/bristol-myers-squibb-reports-fourth-123000706.html

However, investors didn’t seem to mind; BMY was +3% today and is trading close to an 11-year high.

*The first full year after the loss of exclusivity on Plavix.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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