I have been holding and adding to my MNTA position since 2007, but I am frankly running out of patience. Everyone bashes investorgold and others who post anything negative, and maybe they are motivated by short positions - who knows. But there is no doubting they make some valid points.
Why, oh why, is this stock trading at less than $17?? When it was making zero money it traded around $14 on the mere hopes that M-enox would get approved! Now we have M-enox and have been printing money for more than a year and we only move up to $17??? Why aren't the insiders jumping all over this at these prices??? Since M-enox approval I keep adding whenever it is below $16, but I wonder - are the insiders morons or am I the idiot?
I'm beginning to think that management thought that once they got M-enox they would get bought out for a nice premium, take their payday and go home, because they don't appear to be doing much else. FOB program? Anything new in the pipeline? Any movement on the existing pipeline? The picture on all of those things hasn't changed much since 2007! Nothing appears to be going on except Copaxone. It is clear now that MNTA is not going to rise to $40+ where it belongs on the merits of the m-enox program alone. Some new catalyst will be needed and copaxone is the only thing on the visible horizon. God help us if that doesn't go well.
I have been dismissing these negatives for a long time, but I can't anymore. There is something wrong here. Someone give me a reason to keep believing!
I've been selling the calls. For example back in June I got 3.20 for the dec 20's of course it was close to 20 at the time but this year i am be very un greedy and taking 10% where I find it.
Those calls are back up today at around 1.20
still not bad...1.20 for about 3 months, over 6%
I do leave some shares open for potential buy out type scenarios
Nothing is wrong. MNTA are right where they should be in 2011, actually doing better than I thought they'd be when I bought my shares earlier this year.
I have 3% of my NW in MNTA. Plan to buy more and increase that % with each new approval, which I see as further validation of this company and its technology.
I think the mass of investors don't know how to value MNTA. This is a stock with a technology advantage that only a few people with a pharma or biotech background can fully appreciate. Face it, we aren't 100% sure about it either. If we were, we'd have 100% of our NW in it.
I also think the mass of investors see current earnings as being ephemeral or peaking this year. They also see today's earnings being plowed back into R&D, not their pockets. They don't know what to expect from MNTA's pipeline. MNTA the stock won't launch until revenues and earnings do. Right now they're burping.
So, they wait. Like me.
"They also see today's earnings being plowed back into R&D, not their pockets. They don't know what to expect from MNTA's pipeline."
That is exactly where management could say or do SOMETHING to give me some faith. I don't want some dividend or buyback - yes plow it all back into R&D! Just tell me something about it! Tell me that whether copaxone get's the thumbs up or thumbs down, there are 6 or 7 more candidates just like it moving through the pipeline (emphasis on MOVING). Then I I think the market would be a lot less worried about t-enox and other factors keeping the PPS down, and MNTA would be trading at a more reasonable PE.
Show me this is the GROWTH story it should be instead of a roll of the dice.
How about the basics: doubt about the copaxone patents falling, doubt about other copaxone competition, and most importantly doubt about copaxone itself, since the franchise has nothing other than decline in front of it, in the face of the oral MS drugs waiting in the wings, and on the market.
Why would the market get excited about this?
There is no other catalyst on the horizon, as well, which doesn't ehlp.
"dew" and your 10,000 ids or cohorts . you are an "institution" of misinformation, malice, boondoggling, etc, . let me know if you want me to renew the thread that introduces you to the world ????
another post in this thread, your intro would come to the top of this yahoo message board, buddy
Thanks in advance.