Mr. Market – Dancing on the ceiling? – About uncertainty & investing!
So, is Mr. Market dancing on the ceiling, like Lionel Richie? Not quite! Even though, according to my methodology, half of our corporates have reached and surpassed their intrinsic value, we still have 10 companies trading below, a few of which are much below that value.
Galenica “en pleine” Santé - Bingo & Oops! Go figure, Mr. Market!
Well, St-Exupéry is one of my favourite authors and Galenica is one of my favourite companies. Back in early 2008, Galenica was generating 80% of its sales through pharmacies, under the brands Amavita, Coop Vitality and Sunstore, but was already a leader in iron drug delivery and had just launched its intravenous iron drug, Ferinject, in Europe.