Anonymous
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Anonymous
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No private firm will buy them as the management is so bad they will need to start over. Money people want to buy companies that run well and will make them money, not giving away free product all the time.
Heard from OP today that we have been officially put on the market. He said Virbac, Lilly, and Covidien are all possible purchasers. Lilly and Covidien have the money from their human buisness and Virbace has it from the worldwide cash flow and inverstors.No private firm will buy them as the management is so bad they will need to start over. Money people want to buy companies that run well and will make them money, not giving away free product all the time.
I'm not sure there is much to worry about. Good margins, low overhead and consistent sales. We're also the largest animal health company in the world in a growing market. I expect things won't change much even if there is a sale.
AH is not Human Health where they have several thousand reps doing a job that has been whittled down to nothing. We have a few hundred reps with good access selling directly to the customer.
Sorry about the positive post...
P.S. I didn't know what Covidien was, It's Tyco.
I give up. How is spin off and sell off differnt? If a corp sells a division they are spinning it off. GE just spun off their plastics division . GE just sold their plastics division. No difference oh knowledgable one.
far from the largest ah company.... high margins on ridiculous annual or biannual price increases on products that have available generics... poorly run business for the past five plus years... this pos is on the down slope...but if you like, keep drinking the kool aid
Novartis will purchased by someone else they are to small to purchase anyone
This is exactly right. Ian wants to sell now because he can get a really good price. We made our numbers because of price increases period. Managament has sooooo screwed up this company since 2006! JR has managed us right into being sold.
Are you all crazy? Pfizer is the best company to work for! Who would you rather work for? Novartis, Lilly, Merial, or BI? They all have their issues. Personally, I think we have it the best. I know our benefits are the best and our pay ranks right up there. Just be thankful you work for the largest and most innovative AH company!!
Are you all crazy? Pfizer is the best company to work for! Who would you rather work for? Novartis, Lilly, Merial, or BI? They all have their issues. Personally, I think we have it the best. I know our benefits are the best and our pay ranks right up there. Just be thankful you work for the largest and most innovative AH company!!
This is not JR. I promise! I just know from years in the industry and working for different companies that the grass is not always greener. I came to Pfizer 7 years ago and yes, it sucks at times, but so do the other companies. Just ask them. Merial is dealing with generic Fipronil, Bayer is dealing with selling to pet stores, BI is dealing with Fort Dodge people, etc... Schering and Lilly may not have as many problems but they all have a number to hit. I know for a fact, our benefits and our total comp is as good as anyones.
Maybe because I am old and have worked for a few companies I feel this way. I just know everyone has their problems.
Yeah I agree that everyone has problems but you really think we are going to hold on to these benefits much longer. Also the comps will go down because they have to. How much longer do you think we can continue to make our numbers without new products. We are losing so much market share with what we have. Just look at the disaster of distribution. They are making the number at HQ by price increases and cutting cost like benefits and comps.