Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I turned positive – for the first time in years and years – on GlaxoSmithKline (GSK) shares back in February here. I noted back then that my optimism was based on much more than cheapish EV:ebit ratios and alright free cash flow generation (and the dividend paid). As I noted again here a few weeks back, “Hedge fund Elliott builds up multibillion-pound stake in GSK” because the anticipation that GlaxoSmithKline will split out some of its business is set to happen over the next year and this will create extra value.
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