Market Wrap - Stock Pick - Aspen Pharmacare

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Independent Analyst Liston Meintjes chose Aspen Pharmacare Hldgs Ltd as his stock pick of the day

"Those of us who have been watching Aspen at their highest was nearing R400 per share and hovered around R280 per share for an awfully long time and when it decided to drop, it dropped dramatically to around R69 per share and is now trading at around R100 per share. One of their problems was the fact that they had too much debt so they sold an infant milk company in New Zealand called Danalac in September and everyone thought that the money would have arrived already, but the New Zealand government had to give approval. In a statement from Aspen it said that the company will be sold soon, so, as soon as this deal goes through it will solve a lot of Aspen's problems"
5 Apr 2019 2AM English South Africa Business · Business News

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