May. 19 at 1:24 AM
1 reason we still like
$NBIX after an 18% gain over the last month is because NBIX still trades at a lower multiple of analyst consensus revenue estimates than peers projected to generate at least
$10B in revenues over the next 5 years (attached). Of course a correction in the
$XBI will affect all peers, but remember NBIX & SLNO generated 97% gross margins (higher than these peers).
$BMRN enterprise value does not reflect closing the Amicus acquisition. While BMRN's multiple is low, so is its gross margin v these peers.
$ALKS completed the acquisition of Avadel in February
$INSM is off 50% the last 6 months.
As always, this is not investment advice. We're merely sharing analysis
