Biggest Takeaway from Valeant (VRX) Call is 2017 Revs and EBITDA Expected to Be Below 2016 - Evecore ISI's Raffat

November 8, 2016 10:03 AM EST
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Evecore ISI analyst Umer Raffat said by far the biggest takeaway from Valeant Pharma (NYSE: VRX) call is that 2017 revenues and EBITDA is expected to be below 2016. The CFO flagged generic competition against Isuprel, Virazole, Syprine, Mephyton etc.

Raffat said the single biggest question in his inbox: is 2017 EBITDA more like ~$4.2B or more like <$3.9B? "I asked mgmt a very specific question on the call with numbers and bridge into 2017, but we didn't hear hard numbers," he commented.



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