I am kind of surprised our radar hasn't picked up this stock before today. I don't own any shares but I am aware of the outstanding numbers and track record of this company.
Anyhow, Biovail (BVF) is having a great day today. Currently trading at $49.30 up $3.30 on the day, again of 7.17%. This is a bit larger company than some of our small ones with a market capitalization of $7.28 Billion with 158.3 million shares outstanding and 131.3 million shares floating. The price/earnings is a bit pricey at 74.80 (!). (per Yahoo.com)
Looking at CNN.Money, we find that BVF "applies advanced proprietary controlled release delivery technologies to the development and manufacture of drug products for treatment of major chronic conditions."
The first quarter, 2003, was reported on April 29, 2003: Total revenues increased 23% to $191.4 million from $155.2 million last year. First quarter 2003 diluted earnings per share increased 22% to $.39 from $.32 last year. This was reported on Yahoo.com.
Morningstar.com shows an equally pretty picture with steady revenue growth from $66 million in 1996, $82 million in 1997, $112 million in 1998, $172 million in 1999, $309 million in 2000, and $583 million in the trailing twleve months per Morningstar. Currently extrapolating the first quarter of 2003 we have a rate of $760 million for 2003 going forward.
Free cash flow has increased from $44 million in 1999, $87 million in 2000, and $182 million in the trailing twelve months per morningstar.com. Liabilities are a bit steep relative to assets on this report but with the ample cash flow and increasing revenues/earnings this does not seem to be a problem.
This is a GREAT stock to consider for your portfolio. I do not own any shares....and do not have any cash free to buy some but would certainly consider it if I did! Have a great Thursday.
Drop me a line at firstname.lastname@example.org if you have any questions, comments, or as always appreciated words of encouragement!