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Cadence Pharmaceuticals, Inc. Message Board

  • california765 california765 Feb 5, 2010 4:03 PM Flag

    Stock Maximum Price

    In reading the very pro CADX article written by TheStreet.com on January 19th, they say that under positive circumstances and full approval, the company might see earnings per share of $1.50 per share in another 2 years. If you look at PE ratios of most real companies with real earnings in the drug world, they range from 10-15 on average. That puts this stock best-case at $15 to $22.50 in several years. I am long the stock (with a protective put) but I have read posts of people who think it will have a big jump if the drug is approved. It seems to me that anything above $13 or so would be a surprise. Just curious if others have have read TheStreet.coms article have a different opinion :-).

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CADX
13.980.00(0.00%)Mar 18 4:00 PMEDT