Category Archives: $BMY

$BMY (Bristol Myers SQUIBB) – price and FV have converged…good time to…

Buy Bristol Myers if you like the stock.

This stock has always been expensive vs 2CentView Fair value as it is so widely held and highly regarded.

A recent failure of key lung cancer drug has seen the stock drop from $75 to $55.

2CentView FV = $55, Yield 2.5%. Super strong balance sheet. 20% implied growth.

They may do a deal or a mega merger.

If you like BMY suggest trade as follows:

Buy here at $55, Take profit target $69 , stop $47. Consensus Analyst target price, $67.