President Asif Zardari was holding a meeting of leading figures in the ruling Pakistan People's Party (PPP) in Karachi, according to state broadcaster PTV.
For instance, PTV has historically traded for a price-to-cash earnings level of 10.6x to 20.9x, but the current level of price-to-cash earnings is only 10.3x.
At Ockham, we think the valuation of PTV was attractive coming into the day, and we have held an Undervalued stance on Pactiv for most of the last year.
As a Senior Partner at PureTech Ventures (PTV), I have been a part of PTV teams that have met with pharma companies to try to discuss various exciting opportunities in the PTV pipeline.