Events: Zoetis Take-Out Analysis June 2015

Zoetis  Events: Take-Out Analysis  June 26, 2015  SUMMARY INFO NYSE: ZTS Recent PPS: $55.37 Shares Out: 502 million Market Cap: $27,796 Net Debt: $2,904 Enterprise: $30,700 DISCUSSION  News. The WSJ reported yesterday afternoon that VRX is in talks to acquire ZTS. While I do not believe that VRX will ultimately take over ZTS - as … Continue reading Events: Zoetis Take-Out Analysis June 2015

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Events: Zoetis FV Update May 2015

Zoetis  Events: FV Update  May 6, 2015  SUMMARY INFO NYSE: ZTS Recent PPS: $45.68 Shares Out: 502 million Market Cap: $22,931 2017E EPS: $2.27 2017 PE: 20.2X DISCUSSION With ZTS selling for approximately 92% of its standalone fair value, a successful investment from current levels requires a catalyst. While I continue to believe Pershing Square's … Continue reading Events: Zoetis FV Update May 2015

Events: Zoetis Quick Idea Write-Up December 2014

Zoetis (NYSE: ZTS) Events: Quick Idea Write-Up December 1, 2014 SUMMARY INFO Recent PPS: $44.93 Shares Out: 502.45 million Market Cap: $22.58 billion Enterprise Value: $25.63 billion 2015E EPS: $1.63 DISCUSSION While on the surface buying ZTS here appears to be a plain vanilla coattail ride on the back of Pershing Square, I view it … Continue reading Events: Zoetis Quick Idea Write-Up December 2014