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The world's third-largest drug company just met analyst expectations with fourth-quarter earnings of 83 cents per share, and its stock rose 6% in today's trading.
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The stock trades at around 75% of the per-share value of the company's gold reserves, he estimates.
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Likewise, the company reported profits for the quarter of 52 cents a share excluding stock-based compensation expense, above the Street at 46 cents.
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Profits were a penny a share, below the Street at 6 cents, although the company noted that the latest quarter included five cents a share in stock-based compensation expense.
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The company expects to complete its current 300 million share stock repurchase program by mid-year or sooner.
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"And now, " he says, "this is your company, " putting his money where his mouth is by handing ten-share Anicom stock certificates to all present.
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The company reported quarterly earnings of 16 cents a share (before a 3-cent deduction for stock compensation) versus the mean estimate of 10 cents.
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Last fall Berkshire announced that if the per-share book value fell below 110% of the stock price (1.1x the stock price) the company would step in and repurchase shares.
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