I just recently got in AMRI, after watching it fall 2-3 points in one day. I did so as a short-term move. After some further examination, I see no reason why this should go up any time soon. I have found other stocks which are far more deserving of a quick bounce-back than AMRI (e.g. ELN)
ELN fell 75%. Huge over reaction. It should have fell 30% or so. and It already has made a nice bounce. 30+%. Hence its too late to get into ELN. I like this stock. I'm selling at 10+. if you like penny stocks check out LAMP.OB Best of luck Cy
"It should have fell 30% or so. and It already has made a nice bounce. 30+%. Hence its too late to get into ELN."
According to my numbers, (based on your first statement, which i more-or-less agree with), ELN should have dropped to around 18 (30%). Instead as we all know it plummeted to 5. I would think it be reasonable to expect ELN to climb back up to the mid-upper teen range in a few weeks.
I think you have answered your own question. If still in doubt, you might want to consider how big the loss last year would have been without the royalties: Loss $11.691 M Royalties (inc in Loss) $47.973 M
Projected loss without royalties $60 M
OK so what�s up with that - royalties may end this year. Certainly they will be much less - already down the last two quarters. Do you believe AMRI can defend its process patents? If so you may have a stock worth $4-6 with declining royalties. Process patent are very hard to defend so what do you think this stock is worth. My bet, the pink sheets within 2 years if not sooner!