Higher PE sounds sweet :-)
But if Alcon was an earnings dog, why did the stock price go into orbit 150% and NVS got hammered by about an extra $15 after it gave up Alcon??
The lower price and no reduction in the dividend, and stock buy back and CEO forward guidance all look like a buy down this low.
Is the MS Drug news a good thing or way down the pike?
I am catching up all the news right now, still reading....
I would think that the NVS balance sheet might have shed some Alcon long term liabilities and debt?