Pining for a megadeal, an analyst kicks the tires for another Gilead M&A test drive
Gilead CEO John Milligan drew plenty of nods recently when he said you have to ignore what’s going on in Washington DC and just run your business. But he was ignoring top analysts long before he got a chance to tune out the Trump administration.
Some prominent stock watchers have been insisting for some time now that Milligan and Gilead $GILD have to use a mountain of cash on hand to grab a big pipeline/portfolio that can reenergize the falling numbers in their revenue forecasts. With the hep C peak behind it, the stock needs new mountains to climb to inspire investors. But the CEO sits on Gilead’s cash and quietly bides his time – just like almost every other big player that’s supposed to be in the buyers’ circle this year.
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