BMY has estimated that their year end earnings will be anywhere from $7.40 to $7.55 per share.
I'm not a math wiz but at the current stock price of $57.48 isn't that a PE range of 7.6 to 7.8?
Am I missing something? Is this not an insanely low valuation? Even with patent loses isn't earnings suppose to grow in the single digits over the next 5 years?
Is there some huge risk that I am missing beside Congress?