The GlaxoSmithKline share price has slumped 22%! Here’s why I’d buy it

first_img Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Rupert Hargreaves | Saturday, 14th November, 2020 | More on: GSK Our 6 ‘Best Buys Now’ Shares Image source: Getty Images The GlaxoSmithKline (LSE: GSK) share price has plunged since the beginning of the year. The stock is off around 22% since the beginning of 2020. I’m struggling to understand why investor sentiment towards the pharmaceutical giant has deteriorated so rapidly this year. True, the pandemic has impacted the group, but this shock was relatively limited. Moreover, in its latest trading update, management reassured investors that profits were on track for a recovery in the second half. Still, despite this positive update, investors have continued to sell the stock. I think this could be a fantastic opportunity to take advantage of the GlaxoSmithKline share price while it trades at a low level. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…GlaxoSmithKline share price on offer While GlaxoSmithKline has many different revenue streams, one of the company’s most significant product lines is vaccines. The group is a major supplier for key vaccination programmes around the world in developed and emerging markets.Unfortunately, at the height of the pandemic, many of these vaccination programmes were postponed. As such, management warned earlier in the year that the business many not meet the profit forecasts it set out at the beginning of 2020. The good news is that many of these programmes have now restarted. Glaxo’s sales performance has begun to pick up. Group earnings per share ticked up by 1% during the third quarter.With the pandemic headwinds behind the business, I’m optimistic about the outlook for the GlaxoSmithKline share price. But it does not seem as if the rest of the market shares my optimistic outlook. The stock is trading at one of its lowest valuations in a decade. Shares in the pharmaceutical giant also support a dividend yield of 5.7%. That seems extremely attractive in the current interest rate environment. Long-term growth I think this could be a great opportunity. Glaxo is one of the most defensive companies on the London market. The demand for lifesaving treatments and vaccines is only expanding. That’s without giving any credit to the group’s Covid-19 vaccine, which is currently on track to hit the market in the second half of next year.As long as Glaxo continues to invest in research and development, I think the company’s top and bottom lines will continue to grow. At the same time, the group continues to offer one of the best dividend yields in the FTSE 100. I believe there are only a handful of companies that offer the same kind of defensive income credentials as GlaxoSmithKline. Therefore, I am a buyer of the stock today as it continues to trade at a low level. And as the firm pushes ahead with its growth plans, I can pick up that 5.7% dividend yield. In my opinion, this level of income combined with the group’s growth potential and low valuation are all highly desirable one-of-a-kind qualities.  Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended GlaxoSmithKline. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img See all posts by Rupert Hargreaves Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The GlaxoSmithKline share price has slumped 22%! Here’s why I’d buy it Enter Your Email Address There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today…last_img read more

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Opposition Leader wants the government to ‘speed up repairs’ to damaged bridge in Layou Valley

first_imgHon. Hector John. (file photo)Leader of the Opposition United Workers Party Hector John is calling on the government of Dominica to ‘speed up repairs’ to the Clark Hall Estate Bridge in the village of Layou as he says it is affecting farmers in the area.The Matthieu Dam formerly known as ‘Miracle Lake’ collapsed on July 27th of this year causing severe damage to farms, businesses, the Layou River and the Clark Hall Estate Bridge.At a site visit to the affected area on July 28th, 2011 Prime Minister Roosevelt Skerrit reported to media workers that it would cost an estimated Nine (9) million Eastern Caribbean dollars to repair the Clark Hall Estate Bridge. Mr Skerrit, at a ground breaking ceremony for the new Dominica State College grounds on October 25th, announced that the Chinese Government had given an undertaking to assist the government with the repairs of the bridge.In an exclusive interview with Dominica Vibes News Mr John however noted that the government should double their efforts at repairing the bridge as the farmers are suffering and losing their crops.“I think that what the government should do is to speed up the repairs of the bridge and make the road motorable. I know they are working on it but they should push it even further because there are a lot of farmers in the Layou Valley area who are losing their crops.”Damaged Clark Hall Estate bridgeJohn also noted that the damage to the Clark Hall Estate Bridge is affecting the entire island and not only the farmers.“The bridge in Layou not only affects farmers, it affects the entire island because that bridge is a very crucial bridge in the centre of the island. Anybody wanting to connect to the East, the North, the South as well you have to use the Layou Valley Road but the farmers farming in the Layou Park area are being affected by that bridge.”John explained that the farmers have suffered a further set back as they would receive transportation to their farms from Louisman Caster but due to vehicle repairs is unable to assist.According to John, farmers are faced with increased transportation costs when they are not able to transport their produce to be sold.Mr John also explained that although the government awarded compensation to the farmers, the amount cannot be compared to what they would have made if the bridge was accessible“Even though you give them five hundred dollars it cannot meet what they would have been making from the sales of their dasheens, their bananas, their plantain and other crops that they have on their farms which are wasting right now because they cannot get it out. They do not have the vehicle or capacity to take out all the crop,” he said. He concluded that it is “very frustrating for the farmers who are not only from Layou; they are farmers from Layou, St. Joseph, Salisbury, Mahaut and Massacre” and it is also “affecting everybody in the area even the tourist trade”.Dominica Vibes News Share LocalNews Opposition Leader wants the government to ‘speed up repairs’ to damaged bridge in Layou Valley by: – November 17, 2011 Share Tweetcenter_img Sharing is caring! Share 39 Views   no discussionslast_img read more

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