Hope you realize onty is one of arry's partners. Onty is developing Arry 380 for breast cancer, a phase 1 study.
Take a look @ ONTY.... couple interesting things in the pipeline.... Big volome today as well... something cooking there as well. IMO.
Sentiment: Strong Buy
Strong.... strange volume on Black Friday! Huh?! Ok... here's my guess.... Announcements forthcoming.... all good. AZN takes us out at a market cap of $2.0 billion = $18.00 +/- a share. That's my WAG!!
Sentiment: Strong Buy
Agria (NYSE: GRO)'s wholly owned China seeds subsidiary grew its fiscal 2013 revenues by 98% to $17mm, yet it's currently being valued at LESS THAN ZERO! If GRO sold its PGG Wrightson (NZX: PGW) shares at the current market price and repaid its remaining debt, GRO would have net cash of $97mm or $1.75 per share!
GRO is rated by Barchart a 100% perfect technical buy in all 13 short, medium, and long-term categories. Any day now, GRO will breakout past its 52-week high of $1.74, which could make GRO the #1 momentum play in the market!
GRO's Agria Academy R&D facility in China just added two major scientists formerly of Monsanto (NYSE: MON), the world's largest seeds company. GRO recently launched two new field corn seed varieties and six new edible corn seed varieties that were developed by Agria Academy and will ensure continued rapid revenue growth. MON has a price/sales ratio of 4 with only 5% revenue growth. A valuation of 4X sales for China seeds will value it at $68mm on top of GRO's estimated $97mm net cash position (including market value of its PGW shares). This would give GRO a market cap of $165mm and share price of $2.98, up 87% from Wednesday's close of $1.59!
GRO's PGW is the #1 seeds producer in the southern hemisphere. Read the WSJ article 'Agriculture, Food Companies in Demand Down Under' about how Asian companies are rushing to acquire agricultural firms based in New Zealand/Australia at huge premiums. If GRO continues to hold its PGW shares, it will receive huge cash dividends. Last year, PGW paid a $0.032 per share dividend, increasing GRO's net cash position by $0.145 per share. This year, PGW will likely pay a dividend in the $0.04-$0.05 range, which would increase GRO's net cash position by $0.18-$0.23 per share.
GRO has approved a share buyback of up to $10mm, which is enough to reduce GRO's float by 29% and shares outstanding by 11%. We have accumulated 550,000 GRO shares and intend to sell after GRO is trading at much higher prices.