RHHBY : The world's biggest Pharma & the world's biggest diagnostic company has been dropping for most of 2018, despite increasing full year guidance.
Yield is ~4%
Pessimism revolves around the upcoming wave of patent expiries for its big 3 products: Rituxin, Avistin & Herceptin.
Plans for growth revolve around 3 new products:
1. Tencentriq has been a disappointment so far; but, it is being studied alone and in combination in 8 Ph3 studies
2. Ocrevus is the only drug approved for PPMS. It is licensed from BIIB
3. Hemlibra has been approved for a subset of Hemophilia A and label expansion is being sought
Ex-div date is once per year. In 2018, Ex-div was 3/15
I would only trade this with a strong bottoming pattern.