Why Investors Shouldn’t Be Surprised By Organon & Co.’s (NYSE:OGN) 30% Share Price Plunge
To the annoyance of some shareholders, Organon & Co. (NYSE:OGN) shares are down a considerable 30% in the last month, which continues a horrid run for the company. For any long-term shareholders, the last month ends a year to forget by locking in a 57% share price decline.
After such a large drop in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 18x, you may consider Organon as a highly attractive investment with its 3x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
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