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Aspen negative trading update

Another stock that is taking heat this morning is Aspen Pharmacare. They released a trading statement yesterday afternoon late, after market closed. The company is taking a 870 million Rand hit on the Venezuelan Bolivar having devalued so much. That country is broken. The bus driver president, hand picked by Hugo Chavez, has inherited dumb economic policies that have driven the country off a cliff. Herewith the table that lays out the comparable and what they are likely to be:



The results are likely to be on the 14th of September, we will do a detailed look when those numbers hit the screens. Not good. There is little that you can do about dumb economic policies, there is something that you can do about the territories that you operate in, perhaps there will be a little more clarity on that, when we get there. The stock is down nearly ten percent as a result of this Venezuelan turd.


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