Is Lannett Company a Turnaround Stock Worth Buying?
Although Lannett Company (NYSE: LCI) remains a shell of its former self, investors are increasingly optimistic about the direction of the company. Shares doubled in the last month after the business reported fiscal full-year 2019 operating results and inked two potentially lucrative agreements at the end of August.
The current market cap of $550 million is well off the five-year peak of $2.5 billion, and revenue in fiscal 2020 will be lower than the level achieved in the year-ago period, but the turnaround certainly has momentum. Can management continue to execute and prove that Lannett Company is a turnaround stock worth buying?
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Source Fool.com
