Nothing personal but I figure long time ago, that to just stay long will not make any money..Now people are realizing finally that this management team is Not capable of delivering shareholder value,they need to SELL the company soon in my view...JMHO.
So are you short again? Long again? what is your investment position?
Pipeline is de-risked. I don't see anyone buying the company.
I'm frustrated by PPS as well. Wall St still does not signficantly value the pipeline. At some point, that has to change. Forward looking catalysts are turning from Phase 3 pipeline results (there are still alot of those) to sNDAs, NDA's and approvals (pom around corner for approval and apremilast will be filed for PsA in early 2013.
Contributions to EPS will begin from the pipeline in 2013 with pom.