The end of the day, it is the chain supply that what matters for taking PTX from the hole..Look at the other distributors, they are major companies. Check the earnings of PTX, you will find that it always reports less the first quarter and then report much better than the remaining three quarters.
First of all 85 percent of the revenue comes from 4 branded products. Secondly the ppd program is win all lose all program set up as a major business initiative to circumvent the wholesalers. So until Trex becomes generic which won't be until next year, they still would prefer to fill scripts through the ppd. Hope that helps.
Bull, that's correct but why is it still that high this has been in a nose dive for over a year
Thanks just the kind of information we need this stock can only go one way and looking at their projected income should have much better news for investor's next quarter
Mckesson is a Medicine Wholesaler that is considered a major distribution customer to Pernix Products.
McKesson and Wal-Mart on Monday announced a sourcing agreement for generic pharmaceuticals and an expanded long-term distribution agreement.
Something BIG and POSITIVE is going to happen to PTX
Sentiment: Strong Buy
Usually the institution owners will sell most of their stocks if the price drops like PTX. But the institution owners are not selling. It is very strange. What is their plan?
I wonder if the rebalance coming in Russel 2K is responsible for the consistent selling past 10 days. I dont believe PTX qualifies anymore ot be a part of the index and will likely be kicked out. Notifications are COB tomorrow.
This might be an opportunity for speculation but the chart since May 2015 is a supreme disaster- continuous downtrend. They should sell the company for a buck and be done with it.