Growth in Perrigo (PRGO) Not Nearly Done Yet - Cramer
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Perrigo (NYSE: PRGO) is in positive territory today following a conversation between CEO Joe Papa and stock guru Jim Cramer on Monday night.
Papa noted several positive trends going in Perrigo's favoring, including more drugs moving from prescription to over-the-counter (OTC) availability as well as more consumers chosing private-label medications versus the branded versions, which can be higher in cost.
Perrigo's best performing segments in the most recent quarter include cough and cold, anti-smoking, and diabetes.
While Perrigo boasts a market valuation well above $14 billion, Papa noted that the company was still a growth story. He said that the company is making acquisition in adjacent items to help improve delivery, with one example being the company's move into pet products.
Cramer also highlighted Perrigo's plan to move its headquarters to Ireland, which would allow the company to pay fewer taxes and return more capital to shareholders.
Cramer still thinks Perrigo is a great story and recommends to buy. Shares of Perrigo are up about 1.2 percent.
Papa noted several positive trends going in Perrigo's favoring, including more drugs moving from prescription to over-the-counter (OTC) availability as well as more consumers chosing private-label medications versus the branded versions, which can be higher in cost.
Perrigo's best performing segments in the most recent quarter include cough and cold, anti-smoking, and diabetes.
While Perrigo boasts a market valuation well above $14 billion, Papa noted that the company was still a growth story. He said that the company is making acquisition in adjacent items to help improve delivery, with one example being the company's move into pet products.
Cramer also highlighted Perrigo's plan to move its headquarters to Ireland, which would allow the company to pay fewer taxes and return more capital to shareholders.
Cramer still thinks Perrigo is a great story and recommends to buy. Shares of Perrigo are up about 1.2 percent.
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