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Response Genetics, Inc Message Board

  • calif_grl99 calif_grl99 Jul 18, 2011 3:07 PM Flag

    if RGDX was valued anywhere near Ipsogen deal

    "In addition, after the signing of the definitive purchase agreement and consummation of the purchase, QIAGEN would launch a process to acquire all remaining shares of Ipsogen for €12.90 per share. This offer would represent a 71.3% premium to Ipsogen's share price of €7.53 on June 13, 2011, the last trading day before this announcement. The total value to fully acquire Ipsogen is valued at approximately €70 million (fully diluted). Based on a currency exchange rate of €1.00 = $1.44 (market rate as of June 14, 2011), the transaction is valued at approximately $101 million (or approximately six times Ipsogen's anticipated full-year 2012 net sales based on current estimates)."

    Acquired for 6x next years estimated revenues. What valuation does that put on RGDX if it was bought out for similar valuation????? 200m? Thats more than a triple from here... I'd take $6 for RGDX right now, $8 in a yr. from now if they continue to execute!

    Full article link:
    http://www.thestreet.com/story/11153497/1/qiagen-makes-proposal-to-fully-acquire-ipsogen-further-expanding-leadership-in-oncology-molecular-diagnostics.html

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    • great post CG and spot on!

      KD has been quoted as saying nothing less than 10 Im told by PR at IR! That being said at least RGDX has revs q o q growing nicely, is in 12 states now w/ 20 reps only and recruiting in Tx as I posted!

      most of these newer mergers are w/ weak sisters!

      we ain't WEAK in mngmnt,sales, growth, alliances, expansion plans, only cash is a bit light, but I think they hit BE this Q and show a bit of profit!

      If I am RGDX I would shelf this baby on next hot news and get ready to really grow!

      still long although now down to 28,104 shares net 1.0871!

      stock is about to hit 3s next and hold it!

      Frank

 
RGDX
0.39-0.01(-2.01%)Jan 23 3:59 PMEST

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