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  "documentTitle": "Bristol-Myers Squibb Company (BMY)",
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  "authorName": "Starboard Value",
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  "presentationDate": "2019-03-18 00:00:00",
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  "notes": "The slide uses a series of small bar charts with arrows to indicate whether actual performance exceeded (green) or fell short (red) of consensus estimates.",
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      "text": "However, Wall Street analysts have historically been overly optimistic in their estimates for both Celgene’s marketed and pipeline products.",
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      "text": "Indexed 2018 Actual Revenue by Product vs. Wall Street Consensus Estimates",
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      "text": "However, Wall Street analysts have historically been overly optimistic in their estimates for both Celgene’s marketed and pipeline products.",
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      "text": "Source: Public company filings, Bloomberg, Wall Street research. (1) We compared actual 2018 Celgene revenues by product to the earliest Wall Street consensus estimates available on Bloomberg.",
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      "kind": "title",
      "text": "Sales for Celgene’s Five Near-Term Product Launches May Fall Below Bristol-Myers Expectations (cont’d)",
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