REGN Update
Cats and other thoughts...
I suppose I rolled the dice a little by publishing my first deep dive just a couple of days before REGN 0.00%↑ released its earnings. Especially at what is widely perceived to be a volatile and uncertain time for the company. Make no mistake - this is not a victory lap, as I still have no idea what the shares will do in the next few months.
That said, it was nice to see the company come out swinging with share repurchases. As you know, I think the shares are cheap so it’s an excellent time for the company to be buying them. I neglected to mention buy backs as a possible catalyst in my deep dive - I should have.
What I certainly did not see coming was the announcement of a dividend, because they had previously said not to expect one until 2026 at the earliest. I don’t especially need or want a dividend myself, but hey ho, the market seems to like it so that’s fine by me.
But here is my highlight from the whole event - found in the 10K, which has just been published today:
