$BPMC filed their 14D9 with the SEC today that includes, among other things, a copy of the financial forecast that included revenue projections provided $SNY
Attached is a worksheet that compares the forecasts provided by BPMC to analyst consensus revenue estimates per Seeking Alpha & Fintel.
It is interesting to note that analyst consensus revenue estimates are dramatically lower that what BPMC provided. It has been our experience that differences between the 2 are historically minor. If anything, it is our experience analysts are higher than management (esp. MRTX).
We had noted that SNY was buying BPMC for $9.1B which was 0.51X 10-year projected revenues. Using BPMC prepared forecasts, SNY is buying BPMC for 0.37X 10 year revenue estimates.
There is no other point or objective of this post. This is not investment advice. $XBI
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